Alimentation Couche-Tard (TSX:ATD) ROCE % : 14.79% (As of Jan. 2024)

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What is Alimentation Couche-Tard 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. Alimentation Couche-Tard's annualized ROCE % for the quarter that ended in Jan. 2024 was 14.79%.

Alimentation Couche-Tard ROCE % Historical Data

The historical data trend for Alimentation Couche-Tard'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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Alimentation Couche-Tard ROCE % Chart

Alimentation Couche-Tard Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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14.28

16.82

15.66

16.26

18.63

Alimentation Couche-Tard Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															17.96	15.60	19.15	19.46	14.79

Alimentation Couche-Tard ROCE % Calculation

Alimentation Couche-Tard's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	5773.849	/	( ( (37368.272 - 7598.773)	+	(39169.941 - 6964.486) )	/ 2 )
	=	5773.849	/	( (29769.499	+	32205.455)	/ 2 )
	=	5773.849	/	30987.477
	=	18.63 %

Alimentation Couche-Tard'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: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	5251.616	/	( ( (41681.189 - 8310.569)	+	(48649.784 - 11015.316) )	/ 2 )
	=	5251.616	/	( ( 33370.62	+	37634.468 )	/ 2 )
	=	5251.616	/	35502.544
	=	14.79 %

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

Alimentation Couche-Tard (TSX:ATD) 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.

Alimentation Couche-Tard ROCE % Related Terms

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Alimentation Couche-Tard (TSX:ATD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Alimentation Couche-Tard Inc (TSX:ATD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ANCTF:USA CJA0:Germany

Address

4204 Boulevard Industriel, Laval, QC, CAN, H7L 0E3

Website

https://corpo.couche-tard.com

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia. Its operation is geographically divided into U.S., Europe, and Canada. Revenue from external customers fall mainly into three categories: merchandise and services, road transportation fuel, and other.

Executives

Éric Boyko

Director

Alimentation Couche-Tard (TSX:ATD) Headlines

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