Morrison (Wm) Supermarkets (Morrison (Wm) Supermarkets) ROCE % : 3.41% (As of Jul. 2021)

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What is Morrison (Wm) Supermarkets 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. Morrison (Wm) Supermarkets's annualized ROCE % for the quarter that ended in Jul. 2021 was 3.41%.

Morrison (Wm) Supermarkets ROCE % Historical Data

The historical data trend for Morrison (Wm) Supermarkets'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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Morrison (Wm) Supermarkets ROCE % Chart

Morrison (Wm) Supermarkets Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

ROCE %

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6.08

6.98

5.54

7.39

3.59

Morrison (Wm) Supermarkets Semi-Annual Data
	Jan12	Jul12	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21
ROCE %	Get a 7-Day Free Trial															7.01	8.13	5.13	1.89	3.41

Morrison (Wm) Supermarkets ROCE % Calculation

Morrison (Wm) Supermarkets's annualized ROCE % for the fiscal year that ended in Jan. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2021 )		(A: Jan. 2020 )		(A: Jan. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2021 )		(A: Jan. 2020 )		(A: Jan. 2021 )
	=	373.806	/	( ( (14274.51 - 4439.216)	+	(15055.935 - 4066.849) )	/ 2 )
	=	373.806	/	( (9835.294	+	10989.086)	/ 2 )
	=	373.806	/	10412.19
	=	3.59 %

Morrison (Wm) Supermarkets's ROCE % of for the quarter that ended in Jul. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2021 )		(Q: Jan. 2021 )		(Q: Jul. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2021 )		(Q: Jan. 2021 )		(Q: Jul. 2021 )
	=	378.454	/	( ( (15055.935 - 4066.849)	+	(15553.867 - 4327.348) )	/ 2 )
	=	378.454	/	( ( 10989.086	+	11226.519 )	/ 2 )
	=	378.454	/	11107.8025
	=	3.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Jul. 2021) EBIT data.

Morrison (Wm) Supermarkets (OTCPK:MRWSF) 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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Morrison (Wm) Supermarkets (Morrison (Wm) Supermarkets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Morrison (Wm) Supermarkets PLC (OTCPK:MRWSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gain Lane, Hilmore House, Bradford, West Yorkshire, GBR, BD3 7DL

Website

https://www.morrisons.com

Founded by William Morrison in 1899, Wm Morrison Supermarkets is the U.K.'s fourth- largest grocery chain, with a market share of around 10%. The 2004 takeover of rival Safeway transformed the firm in terms of scale and gave it a significant presence outside its base in Northern England. The company operates about 500 stores, entirely in the United Kingdom. Morrisons has an online presence via a partnership with Ocado and Amazon and has lately been trying to expand its wholesale channel with new agreements (McColl's).