Breedon Group (STU:CQB0) ROCE % : 10.89% (As of Dec. 2023)

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What is Breedon Group 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. Breedon Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.89%.

Breedon Group ROCE % Historical Data

The historical data trend for Breedon Group'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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Breedon Group ROCE % Chart

Breedon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.30

4.65

9.56

10.06

9.61

Breedon Group 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															10.68	9.25	11.07	8.38	10.89

Breedon Group ROCE % Calculation

Breedon Group'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 )
	=	170.864	/	( ( (2053.344 - 327.353)	+	(2173.87 - 343.121) )	/ 2 )
	=	170.864	/	( (1725.991	+	1830.749)	/ 2 )
	=	170.864	/	1778.37
	=	9.61 %

Breedon Group'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 )
	=	195.936	/	( ( (2168.7 - 399.617)	+	(2173.87 - 343.121) )	/ 2 )
	=	195.936	/	( ( 1769.083	+	1830.749 )	/ 2 )
	=	195.936	/	1799.916
	=	10.89 %

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

Breedon Group (STU:CQB0) 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.

Breedon Group ROCE % Related Terms

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Breedon Group (STU:CQB0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Breedon Group PLC (STU:CQB0) » Definitions » ROCE %

Comparable Companies

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BREEl:UK BREE:UK

Address

28 Esplanade, Saint Helier, JEY, JE2 3QA

Website

https://www.breedongroup.com

Breedon Group PLC is a producer of construction materials. The products include aggregates such as polished stone value stones, sub-base materials and sands for the road construction industry, milled limestones for agricultural applications, asphalt, ready-mix concrete, concrete beams and blocks, and cement. The company also offers surfacing and contracting services, which lays asphalt and other bituminous bound materials. Breedon's customers range from civil engineering businesses over local authorities and utilities companies to homes and smaller businesses. The company generates a majority of its revenue in the United Kingdom.

Breedon Group (STU:CQB0) Headlines

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