Chewy (STU:3HH) ROCE % : 15.34% (As of Jan. 2024)

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What is Chewy 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. Chewy's annualized ROCE % for the quarter that ended in Jan. 2024 was 15.34%.

Chewy ROCE % Historical Data

The historical data trend for Chewy'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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Chewy ROCE % Chart

Chewy Annual Data

Trend

Dec16

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-103.13

-18.83

9.91

5.84

Chewy Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															5.50	12.42	9.63	-14.48	15.34

Chewy ROCE % Calculation

Chewy's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	47.563	/	( ( (2338.391 - 1696.122)	+	(2925.529 - 1937.785) )	/ 2 )
	=	47.563	/	( (642.269	+	987.744)	/ 2 )
	=	47.563	/	815.0065
	=	5.84 %

Chewy's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	146.324	/	( ( (2780.848 - 1860.56)	+	(2925.529 - 1937.785) )	/ 2 )
	=	146.324	/	( ( 920.288	+	987.744 )	/ 2 )
	=	146.324	/	954.016
	=	15.34 %

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

Chewy (STU:3HH) 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.

Chewy ROCE % Related Terms

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Chewy (STU:3HH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chewy Inc (STU:3HH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CHWY:USA CHWY:Mexico 3HH:Germany

Address

7700 West Sunrise Boulevard, Plantation, FL, USA, 33322

Website

https://www.chewy.com

Chewy is the largest e-commerce pet care retailer in the U.S., generating $10.1 billion in 2022 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a standalone company in 2019 after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.

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