Goodfellow (TSX:GDL) ROCE % : 5.94% (As of Nov. 2024)

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What is Goodfellow 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. Goodfellow's annualized ROCE % for the quarter that ended in Nov. 2024 was 5.94%.

Goodfellow ROCE % Historical Data

The historical data trend for Goodfellow'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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Goodfellow ROCE % Chart

Goodfellow Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

ROCE %

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16.22

33.25

24.60

10.47

9.10

Goodfellow Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															5.55	0.06	15.31	16.43	5.94

Goodfellow ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	19.909	/	( ( (252.753 - 45.141)	+	(291.856 - 62.142) )	/ 2 )
	=	19.909	/	( (207.612	+	229.714)	/ 2 )
	=	19.909	/	218.663
	=	9.10 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	13.276	/	( ( (295.991 - 78.752)	+	(291.856 - 62.142) )	/ 2 )
	=	13.276	/	( ( 217.239	+	229.714 )	/ 2 )
	=	13.276	/	223.4765
	=	5.94 %

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

Goodfellow (TSX:GDL) 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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Goodfellow Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Goodfellow Inc (TSX:GDL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Goodfellow Street, Delson, QC, CAN, J5B 1V5

Website

https://www.goodfellowinc.com

Goodfellow Inc is engaged in various business activities related to the remanufacturing and distribution of lumber and wood products. The company manages its operations under one operating segment i.e. sale of Lumber, Specialty and commodity panels, Flooring and Building materials. The majority of the company's revenue is generated from the sale of Lumber. The company operates in Canada and The United States; the majority of its revenue is generated from Canada.

Executives

David Alan Goodfellow	10% Security Holder
G Douglas Goodfellow	10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Robert F. Hall	Director
Claude Garcia	Director
Eric Bisson	Senior Officer
Charles Brisebois	Senior Officer