MCRAA (McRae Industries) ROCE %: 12.06% (As of Jul. 2023)

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MCRAA McRae Industries Inc MCRAA
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What is McRae Industries ROCE %?

McRae Industries MCRAA 12 ROCE % is 12.06% as of Jul. 2023. GuruFocus rates MCRAA with a GF Score™ of 12/100.

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. McRae Industries's annualized ROCE % for the quarter that ended in Jul. 2023 was 12.06%.

McRae Industries  (OTCPK:MCRAA) 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.

McRae Industries ROCE % Related Terms

McRae Industries ROCE % Historical Data

* Premium members only.

The historical data trend for McRae Industries'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.

McRae Industries ROCE % Chart

McRae Industries Annual Data
Trend Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.10 6.62 10.38 16.65 12.06

McRae Industries Semi-Annual Data
Jul89 Jul90 Jul91 Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.10 6.62 10.38 16.65 12.06
MCRAA
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McRae Industries Inc MCRAA
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McRae Industries ROCE % Calculation

McRae Industries's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jul. 2023 )  (A: Jul. 2022 )(A: Jul. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jul. 2023 )  (A: Jul. 2022 )(A: Jul. 2023 )
=10.266/( ( (91.044 - 9.77) + (95.469 - 6.505) )/ 2 )
=10.266/( (81.274+88.964)/ 2 )
=10.266/85.119
=12.06 %

McRae Industries's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jul. 2023 )  (Q: Jul. 2022 )(Q: Jul. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jul. 2023 )  (Q: Jul. 2022 )(Q: Jul. 2023 )
=10.266/( ( (91.044 - 9.77) + (95.469 - 6.505) )/ 2 )
=10.266/( ( 81.274 + 88.964 )/ 2 )
=10.266/85.119
=12.06 %

(1) Note: The EBIT data used here is one times the annual (Jul. 2023) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 12.06% mean?
McRae Industries (MCRAA) has a ROCE % of 12.06% as of Jul. 2023.
Is McRae Industries' ROCE % too high?
McRae Industries' current ROCE % is 12.06%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.13. McRae Industries' value of 12.06% is 96.7% above this industry median. Overall, McRae Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does McRae Industries' ROCE % compare to RCKY and DBI?
McRae Industries' ROCE % of 12.06% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.13. McRae Industries' value of 12.06% is 96.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.13, based on 1,039 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. McRae Industries's current ROCE % of 12.06% is 96.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McRae Industries's current ROCE % is 12.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McRae Industries stock overvalued right now?
McRae Industries (MCRAA) has a current ROCE % of 12.06%. The current ROCE % is 12.06% and 96.7% above the Manufacturing - Apparel & Accessories industry median of 6.13. McRae Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For McRae Industries (MCRAA), the current ROCE % is 12.06% as of Jul. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

McRae Industries Business Description

Address 400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306
McRae Industries Inc operates in the footwear industry. It is engaged in the manufacturing, sales, and distribution of boot products targeted to the western lifestyle and work boot markets. The company also manufactures military combat boots for the U.S. Government and operates other smaller businesses. It has a wholly owned subsidiary that designs, markets, and distributes men's, women's, and children's footwear under the following brands: Dan Post, Laredo Western Boots, Dingo, and McRae Footwear.
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