Richards Packagingome Fund (Richards Packagingome Fund) ROCE % : 21.27% (As of Mar. 2024)

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What is Richards Packagingome Fund 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. Richards Packagingome Fund's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.27%.

Richards Packagingome Fund ROCE % Historical Data

The historical data trend for Richards Packagingome Fund'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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Richards Packagingome Fund ROCE % Chart

Richards Packagingome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.02

36.57

10.39

27.05

23.78

Richards Packagingome Fund Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															21.94	27.93	21.65	21.33	21.27

Richards Packagingome Fund ROCE % Calculation

Richards Packagingome Fund's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	43.576	/	( ( (257.557 - 64.665)	+	(237.182 - 63.605) )	/ 2 )
	=	43.576	/	( (192.892	+	173.577)	/ 2 )
	=	43.576	/	183.2345
	=	23.78 %

Richards Packagingome Fund'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	36.344	/	( ( (237.182 - 63.605)	+	(228.145 - 59.987) )	/ 2 )
	=	36.344	/	( ( 173.577	+	168.158 )	/ 2 )
	=	36.344	/	170.8675
	=	21.27 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Richards Packagingome Fund (OTCPK:RPKIF) 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.

Richards Packagingome Fund ROCE % Related Terms

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Richards Packagingome Fund (Richards Packagingome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Richards Packaging Income Fund (OTCPK:RPKIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RPI.UN:Canada

Address

6095 Ordan Drive, Mississauga, ON, CAN, L5T 2M7

Website

https://www.richardspackaging.com

Richards Packaging Income Fund is involved in packaging distribution businesses. The company principally distributes plastic and glass containers and associated closures. It is used in packaging for cosmetics, healthcare, food, beverage, and other products. Geographically, it derives a majority of its revenue from Canada.

Richards Packagingome Fund (Richards Packagingome Fund) Headlines

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