Gildan Activewear (TSX:GIL) ROCE % : 25.44% (As of Sep. 2024)

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What is Gildan Activewear 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. Gildan Activewear's annualized ROCE % for the quarter that ended in Sep. 2024 was 25.44%.

Gildan Activewear ROCE % Historical Data

The historical data trend for Gildan Activewear'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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Gildan Activewear ROCE % Chart

Gildan Activewear Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.25

-7.08

24.07

22.39

22.10

Gildan Activewear Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															20.34	24.21	14.03	18.76	25.44

Gildan Activewear ROCE % Calculation

Gildan Activewear'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 )
	=	833.651	/	( ( (4673.531 - 871.713)	+	(4715.554 - 971.439) )	/ 2 )
	=	833.651	/	( (3801.818	+	3744.115)	/ 2 )
	=	833.651	/	3772.9665
	=	22.10 %

Gildan Activewear's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1013.86	/	( ( (5124.675 - 1097.781)	+	(5059.683 - 1116.037) )	/ 2 )
	=	1013.86	/	( ( 4026.894	+	3943.646 )	/ 2 )
	=	1013.86	/	3985.27
	=	25.44 %

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

Gildan Activewear (TSX:GIL) 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.

Gildan Activewear ROCE % Related Terms

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Gildan Activewear Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gildan Activewear Inc (TSX:GIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GIL:USA VGA:Germany

Address

600 de Maisonneuve Boulevard West, 33rd Floor, Suite 330, Montreal, QC, CAN, H3A 3J2

Website

http://www.gildan.com

Gildan is a vertically integrated designer and manufacturer of basic apparel, including t-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank t-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the US.

Executives

Jason De Haan	Senior Officer
Michener Chandlee	Director
Benito Masi	Senior Officer
Rhodri Harries	Senior Officer
Juan Carlos Contreras Contreras Y Contreras	Senior Officer
Michael Kneeland	Director
Ghislain Houle	Director
Chuckie J. Ward	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Schroeder	Senior Officer
Glenn J. Chamandy	Director, Senior Officer
Donald Berg	Director
Marc Caira	Director
Maryse Bertrand	Director
Russell Andrew Goodman	Director
Larry Vernon Dismukes	Senior Officer