Hill & Smith (LSE:HILS) ROCE % : 17.50% (As of Dec. 2023)

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What is Hill & Smith 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. Hill & Smith's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.50%.

Hill & Smith ROCE % Historical Data

The historical data trend for Hill & Smith'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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Hill & Smith ROCE % Chart

Hill & Smith Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.06

7.94

9.51

14.29

18.39

Hill & Smith Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.41	12.63	14.89	18.96	17.50

Hill & Smith ROCE % Calculation

Hill & Smith'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 )
	=	103.7	/	( ( (694.3 - 142.1)	+	(715 - 139.5) )	/ 2 )
	=	103.7	/	( (552.2	+	575.5)	/ 2 )
	=	103.7	/	563.85
	=	18.39 %

Hill & Smith'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 )
	=	100.6	/	( ( (720.3 - 145.8)	+	(715 - 139.5) )	/ 2 )
	=	100.6	/	( ( 574.5	+	575.5 )	/ 2 )
	=	100.6	/	575
	=	17.50 %

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

Hill & Smith (LSE:HILS) 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.

Hill & Smith ROCE % Related Terms

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Hill & Smith (LSE:HILS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hill & Smith PLC (LSE:HILS) » Definitions » ROCE %

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Traded in Other Exchanges

HILSl:UK HILS.GB:UK

Address

Westhaven House, Arleston Way, Shirley, Solihull, West Midlands, GBR, B90 4LH

Website

https://www.hsgroup.com

Hill & Smith PLC creates sustainable infrastructure and safe transport through innovation. It is organized into three main business divisions. Galvanizing Services increase the sustainability and maintenance-free life of steel products including structural steelwork, lighting, bridges, agricultural and other products for the industrial and infrastructure markets. Engineered Solutions supplies engineered steel and composite solutions for a wide range of infrastructure markets including energy generation and distribution, marine, rail, and housing. Roads & Security division supplies products and services to support road and highway infrastructure including temporary and permanent road safety barriers, renewable energy lighting and power solutions, and Intelligent Traffic Solutions.

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