Carr's Group (LSE:CARR) ROCE % : 6.79% (As of Feb. 2024)

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What is Carr's 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. Carr's Group's annualized ROCE % for the quarter that ended in Feb. 2024 was 6.79%.

Carr's Group ROCE % Historical Data

The historical data trend for Carr's 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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Carr's Group ROCE % Chart

Carr's Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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11.49

7.22

4.85

5.00

1.94

Carr's Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															9.19	0.48	7.37	-4.27	6.79

Carr's Group ROCE % Calculation

Carr's Group's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	2.827	/	( ( (307.561 - 139.915)	+	(160.021 - 36.863) )	/ 2 )
	=	2.827	/	( (167.646	+	123.158)	/ 2 )
	=	2.827	/	145.402
	=	1.94 %

Carr's Group's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	8.34	/	( ( (160.021 - 36.863)	+	(156.42 - 33.896) )	/ 2 )
	=	8.34	/	( ( 123.158	+	122.524 )	/ 2 )
	=	8.34	/	122.841
	=	6.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

Carr's Group (LSE:CARR) 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.

Carr's Group ROCE % Related Terms

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Carr's Group (LSE:CARR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carr's Group PLC (LSE:CARR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CARRl:UK CARR.GB:UK

Address

Old Croft, Stanwix, Carlisle, Cumbria, GBR, CA3 9BA

Website

https://www.carrsgroup.com

Carr's Group PLC is a British farm supplies company. The company operates through two segments: Speciality Agriculture and Engineering. The Speciality Agriculture segment derives its revenue from the sale of animal feed blocks and animal health products. The Engineering segment derives its revenue from the provision of engineering services and the design and manufacture of bespoke equipment for use in the nuclear, naval defence, oil and gas, and petrochemical industries and the products include manipulators, robotics, specialist fabrication and precision machining. The company generates the majority of its revenue from the Speciality Agriculture segment.