Finsbury Food Group (LSE:FIF) ROCE % : 13.23% (As of Jun. 2023)

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What is Finsbury Food 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. Finsbury Food Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 13.23%.

Finsbury Food Group ROCE % Historical Data

The historical data trend for Finsbury Food 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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Finsbury Food Group ROCE % Chart

Finsbury Food Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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9.34

2.82

11.19

9.47

10.74

Finsbury Food Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															12.83	7.50	11.55	8.17	13.23

Finsbury Food Group ROCE % Calculation

Finsbury Food Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	18.604	/	( ( (242.929 - 78.388)	+	(261.673 - 79.891) )	/ 2 )
	=	18.604	/	( (164.541	+	181.782)	/ 2 )
	=	18.604	/	173.1615
	=	10.74 %

Finsbury Food Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	23.444	/	( ( (256.169 - 83.601)	+	(261.673 - 79.891) )	/ 2 )
	=	23.444	/	( ( 172.568	+	181.782 )	/ 2 )
	=	23.444	/	177.175
	=	13.23 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Finsbury Food Group (LSE:FIF) 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.

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Finsbury Food Group (LSE:FIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Finsbury Food Group PLC (LSE:FIF) » Definitions » ROCE %

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Address

Maes-y-coed Road, Cardiff, GBR, CF14 4XR

Website

https://www.finsburyfoods.co.uk

Finsbury Food Group PLC is a United Kingdom-based bakery manufacturer. The company is engaged in producing a range of cakes, bread and bakery snack products for retailers and the foodservice channel. Its segments include UK bakery and Overseas. most of its revenue is generated from its UK bakery segment. Geographically the company operates in the United Kingdom; Europe; and Rest of the world and it earns most of its revenue from United Kingdom segment. Finsbury Food offers products like rolls, artisan bread, hot cross buns, muffins and morning pastries for both the retail and foodservice sectors.