Metro (TSX:MRU) ROCE % : 11.49% (As of Dec. 2024)

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What is Metro 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. Metro's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.49%.

Metro ROCE % Historical Data

The historical data trend for Metro'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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Metro ROCE % Chart

Metro Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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11.85

11.03

11.26

12.60

11.92

Metro Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															11.37	9.81	15.20	10.98	11.49

Metro ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	1416.6	/	( ( (13865.3 - 1960.8)	+	(14140.6 - 2285.6) )	/ 2 )
	=	1416.6	/	( (11904.5	+	11855)	/ 2 )
	=	1416.6	/	11879.75
	=	11.92 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1391.6	/	( ( (14140.6 - 2285.6)	+	(14474.7 - 2113.2) )	/ 2 )
	=	1391.6	/	( ( 11855	+	12361.5 )	/ 2 )
	=	1391.6	/	12108.25
	=	11.49 %

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

Metro (TSX:MRU) 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.

Metro ROCE % Related Terms

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Metro Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metro Inc (TSX:MRU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MTRAF:USA

Address

11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6

Website

https://www.metro.ca

Metro is the third-largest grocery retailer in Canada (behind Loblaws and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaws and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in Quebec and Ontario, with no presence in western Canada.

Executives

Jean-michel Coutu	Senior Officer
Dan Gabbard	Senior Officer
Alain Tadros	Senior Officer
Richard Pruneau	Senior Officer
Lyne Jetté	Senior Officer
Paolo Bravi	Senior Officer
Simon Rivet	Senior Officer
Frédéric Legault	Senior Officer
Geneviève Bich	Senior Officer
Eric Richer La FlÈche	Director, Senior Officer
Carmine Fortino	Senior Officer
François Thibault	Senior Officer
Marc Giroux	Senior Officer
Brian Mcmanus	Director
Karin Jonsson	Senior Officer

Metro Headlines

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