Wetherspoon (J D) (LSE:JDW) ROCE % : 7.52% (As of Jan. 2024)

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What is Wetherspoon (J D) 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. Wetherspoon (J D)'s annualized ROCE % for the quarter that ended in Jan. 2024 was 7.52%.

Wetherspoon (J D) ROCE % Historical Data

The historical data trend for Wetherspoon (J D)'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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Wetherspoon (J D) ROCE % Chart

Wetherspoon (J D) Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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11.01

-2.84

-7.19

4.91

9.55

Wetherspoon (J D) Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															1.96	7.81	10.79	8.27	7.52

Wetherspoon (J D) ROCE % Calculation

Wetherspoon (J D)'s annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	157.35	/	( ( (2049.371 - 338.75)	+	(1971.904 - 387.257) )	/ 2 )
	=	157.35	/	( (1710.621	+	1584.647)	/ 2 )
	=	157.35	/	1647.634
	=	9.55 %

Wetherspoon (J D)'s ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	118.146	/	( ( (1971.904 - 387.257)	+	(1890.227 - 334.617) )	/ 2 )
	=	118.146	/	( ( 1584.647	+	1555.61 )	/ 2 )
	=	118.146	/	1570.1285
	=	7.52 %

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

Wetherspoon (J D) (LSE:JDW) 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.

Wetherspoon (J D) ROCE % Related Terms

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Wetherspoon (J D) (LSE:JDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Wetherspoon (J D) PLC (LSE:JDW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JDWPF:USA JDWl:UK 0QW:Germany

Address

Wetherspoon House, Central Park, Reeds Crescent, Watford, GBR, WD24 4WL

Website

https://www.jdwetherspoon.com

Wetherspoon (J D) PLC owns and operates close to 1,000 pubs throughout the United Kingdom and Ireland. The pubs generate nearly all of the company's total revenue, but it also has a very small hotel business. Its locations are in or near town centres or in suburban locations. It also has pubs in airports and railway stations. The company leases roughly half of its locations and owns the other half. Most of its pubs operate under individual brand names. Brands with multiple locations include Wetherspoon's and Moon Under Water.

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