Hilton Food Group (LSE:HFG) ROCE % : 14.31% (As of Dec. 2023)

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What is Hilton Food 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. Hilton Food Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.31%.

Hilton Food Group ROCE % Historical Data

The historical data trend for Hilton Food 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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Hilton Food Group ROCE % Chart

Hilton Food Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.89

11.33

10.27

7.98

10.79

Hilton Food Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jul16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															12.25	8.92	5.67	7.65	14.31

Hilton Food Group ROCE % Calculation

Hilton Food 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 )
	=	86.7	/	( ( (1295.786 - 473.886)	+	(1289.25 - 503.652) )	/ 2 )
	=	86.7	/	( (821.9	+	785.598)	/ 2 )
	=	86.7	/	803.749
	=	10.79 %

Hilton Food 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 )
	=	112.08	/	( ( (1226.351 - 445.032)	+	(1289.25 - 503.652) )	/ 2 )
	=	112.08	/	( ( 781.319	+	785.598 )	/ 2 )
	=	112.08	/	783.4585
	=	14.31 %

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

Hilton Food Group (LSE:HFG) 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.

Hilton Food Group ROCE % Related Terms

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Hilton Food Group (LSE:HFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hilton Food Group PLC (LSE:HFG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HFGl:UK HFG.GB:UK FAG:Germany

Address

Latham Road, 2-8 The Interchange, Huntingdon, Cambridgeshire, GBR, PE29 6YE

Website

https://www.hiltonfoods.com

Hilton Food Group PLC is engaged in the specialist retail meat-packing business supplying international food retailers in Europe, Australia, and New Zealand. It is into wholesaling of food protein products including meat, seafood, and vegetarian. The company has three operating segments, namely Europe (which consists of The United Kingdom, Netherlands, Belgium, the Republic of Ireland, Sweden, Denmark, Central Europe including Poland, the Czech Republic, Hungary, Slovakia, Latvia, Lithuania, and Estonia, and Portugal), APAC, and Central costs. The company derives a majority of its revenue from the European Countries.

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