Boston Pizza Royaltiesome Fund (TSX:BPF.UN) ROCE % : 9.79% (As of Dec. 2023)

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What is Boston Pizza Royaltiesome Fund 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. Boston Pizza Royaltiesome Fund's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.79%.

Boston Pizza Royaltiesome Fund ROCE % Historical Data

The historical data trend for Boston Pizza Royaltiesome Fund'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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Boston Pizza Royaltiesome Fund ROCE % Chart

Boston Pizza Royaltiesome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.91

6.23

14.37

12.85

11.53

Boston Pizza Royaltiesome Fund Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.89	10.28	17.41	8.10	9.79

Boston Pizza Royaltiesome Fund ROCE % Calculation

Boston Pizza Royaltiesome Fund'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 )
	=	47.3	/	( ( (413.701 - 3.076)	+	(413.055 - 3.033) )	/ 2 )
	=	47.3	/	( (410.625	+	410.022)	/ 2 )
	=	47.3	/	410.3235
	=	11.53 %

Boston Pizza Royaltiesome Fund'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	40.288	/	( ( (413.645 - 0.411)	+	(413.055 - 3.033) )	/ 2 )
	=	40.288	/	( ( 413.234	+	410.022 )	/ 2 )
	=	40.288	/	411.628
	=	9.79 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Boston Pizza Royaltiesome Fund (TSX:BPF.UN) 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.

Boston Pizza Royaltiesome Fund ROCE % Related Terms

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Boston Pizza Royaltiesome Fund (TSX:BPF.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Boston Pizza Royalties Income Fund (TSX:BPF.UN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BPZZF:USA J8M:Germany

Address

13571 Commerce Parkway, Suite 201, Richmond, BC, CAN, V6V 2R2

Website

https://www.bpincomefund.com

Boston Pizza Royalties Income Fund is a limited-purpose open-ended trust. It is engaged in the operation and franchising of Boston Pizza restaurants in Canada. The Trust distributes all available cash from operations to the Trust unitholders to the maximum extent possible. The company receives revenue in the form of royalty income.

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