Real Good Food (LSE:RGD) ROCE % : -31.02% (As of Mar. 2023)

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What is Real Good Food 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. Real Good Food's annualized ROCE % for the quarter that ended in Mar. 2023 was -31.02%.

Real Good Food ROCE % Historical Data

The historical data trend for Real Good Food'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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Real Good Food ROCE % Chart

Real Good Food Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-25.25

-24.52

-1.61

-38.59

-26.93

Real Good Food Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial															4.18	-0.65	-86.90	-20.98	-31.02

Real Good Food ROCE % Calculation

Real Good Food's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-6.512	/	( ( (39.544 - 11.011)	+	(31.797 - 11.969) )	/ 2 )
	=	-6.512	/	( (28.533	+	19.828)	/ 2 )
	=	-6.512	/	24.1805
	=	-26.93 %

Real Good Food's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	-7.224	/	( ( (36.691 - 9.939)	+	(31.797 - 11.969) )	/ 2 )
	=	-7.224	/	( ( 26.752	+	19.828 )	/ 2 )
	=	-7.224	/	23.29
	=	-31.02 %

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

Real Good Food (LSE:RGD) 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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Real Good Food (LSE:RGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Real Good Food PLC (LSE:RGD) » Definitions » ROCE %

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Address

229 Crown Street, Liverpool, GBR, L8 7RF

Website

https://www.realgoodfoodplc.com

Real Good Food PLC is engaged in the sourcing, manufacturing, and distribution of food to the retail and industrial sectors. The group operates in one main division: Cake Decoration. The Cake Decoration segment manufactures, sells and supplies cake decorating products and ingredients for the baking sector. Geographically, it derives a majority of revenue from the United Kingdom.

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