Shoe Zone (LSE:SHOE) ROCE % : 10.35% (As of Mar. 2024)

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What is Shoe Zone 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. Shoe Zone's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.35%.

Shoe Zone ROCE % Historical Data

The historical data trend for Shoe Zone'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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Shoe Zone ROCE % Chart

Shoe Zone Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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15.16

-22.94

17.80

24.90

27.91

Shoe Zone Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															12.75	37.08	6.65	53.72	10.35

Shoe Zone ROCE % Calculation

Shoe Zone's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	16.926	/	( ( (101.569 - 40.689)	+	(98.841 - 38.45) )	/ 2 )
	=	16.926	/	( (60.88	+	60.391)	/ 2 )
	=	16.926	/	60.6355
	=	27.91 %

Shoe Zone's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	6.182	/	( ( (98.841 - 38.45)	+	(89.743 - 30.693) )	/ 2 )
	=	6.182	/	( ( 60.391	+	59.05 )	/ 2 )
	=	6.182	/	59.7205
	=	10.35 %

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

Shoe Zone (LSE:SHOE) 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.

Shoe Zone ROCE % Related Terms

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Shoe Zone Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoe Zone PLC (LSE:SHOE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

86W:Germany

Address

Humberstone Road, Haramead Business Centre, Leicester, Leicestershire, GBR, LE1 2LH

Website

https://www.shoezone.com

Shoe Zone PLC operates as a footwear retailer offering a wide range and a variety of shoes for all ages, it functions with over 500 stores across the UK. The group has a single distribution center which is located in Leicester, England. Its online offering combined with its store portfolio allows customers to shop via multiple channels. Shoe zone and its subsidiaries operate in the United Kingdom and the Republic of Ireland. The majority of the revenue is generated from the United Kingdom store.

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