PGG Wrightson (NZSE:PGW) ROCE % : 14.63% (As of Dec. 2023)

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What is PGG Wrightson 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. PGG Wrightson's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.63%.

PGG Wrightson ROCE % Historical Data

The historical data trend for PGG Wrightson'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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PGG Wrightson ROCE % Chart

PGG Wrightson Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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2.45

3.34

11.45

12.53

10.19

PGG Wrightson Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															23.67	0.82	22.00	-2.19	14.63

PGG Wrightson ROCE % Calculation

PGG Wrightson'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 )
	=	29.487	/	( ( (509.952 - 223.938)	+	(496.528 - 203.541) )	/ 2 )
	=	29.487	/	( (286.014	+	292.987)	/ 2 )
	=	29.487	/	289.5005
	=	10.19 %

PGG Wrightson's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	42.758	/	( ( (496.528 - 203.541)	+	(642.347 - 350.934) )	/ 2 )
	=	42.758	/	( ( 292.987	+	291.413 )	/ 2 )
	=	42.758	/	292.2
	=	14.63 %

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

PGG Wrightson (NZSE:PGW) 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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PGG Wrightson (NZSE:PGW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PGG Wrightson Ltd (NZSE:PGW) » Definitions » ROCE %

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PGWFF:USA

Address

1 Robin Mann Place, Christchurch Airport, Christchurch, CT, NZL, 8053

Website

https://www.pggwrightson.co.nz

PGG Wrightson Ltd is an agriculture solutions provider predominantly in New Zealand. The company's reportable segments are, Agency, Retail & Water, and Other. The company generates maximum revenue from the Retail and Water segment which includes the rural supplies and fruitfed retail operations, PGG Wrightson Water, PGW Consulting, Agritrade, and ancillary sales support, supply chain, and marketing functions. The Agency segment includes rural Livestock trading activities, export livestock, wool, insurance, real estate, and finance commission. The company principally operates in New Zealand.

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