Premier Group (JSE:PMR) ROCE % : 24.96% (As of Sep. 2024)

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What is Premier Group ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Premier Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.96%.

Premier Group ROCE % Historical Data

The historical data trend for Premier Group's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Premier Group ROCE % Chart

Premier Group Annual Data

Trend

Mar23

Mar24

ROCE %

19.07

22.24

Premier Group Semi-Annual Data
	Mar23	Sep23	Mar24	Sep24
ROCE %	-	22.27	22.22	24.96

Premier Group ROCE % Calculation

Premier Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	1592.89	/	( ( (10668.184 - 3616.276)	+	(10425.5 - 3154.969) )	/ 2 )
	=	1592.89	/	( (7051.908	+	7270.531)	/ 2 )
	=	1592.89	/	7161.2195
	=	22.24 %

Premier Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	1851.288	/	( ( (10425.5 - 3154.969)	+	(10957.187 - 3396.293) )	/ 2 )
	=	1851.288	/	( ( 7270.531	+	7560.894 )	/ 2 )
	=	1851.288	/	7415.7125
	=	24.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Premier Group (JSE:PMR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Premier Group ROCE % Related Terms

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Premier Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Premier Group Ltd (JSE:PMR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maxwell Office Park, Building 5, Magwa Crescent West, Isando, ZAF, 1600

Website

https://www.premierfmcg.com

Premier Group Ltd is engaged in the manufacturing and distribution of staple milling and baking products, confectionery and home and personal care (HPC) products. The company is organized into two segments Millbake and Groceries and International. It derives maximum revenue from Millbake segment.

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