Grainger (CHIX:GRIL) ROCE % : -0.77% (As of Mar. 2024)

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What is Grainger 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. Grainger's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.77%.

Grainger ROCE % Historical Data

The historical data trend for Grainger'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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Grainger ROCE % Chart

Grainger Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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7.60

4.93

6.09

10.02

1.66

Grainger Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															7.31	12.95	1.17	2.13	-0.77

Grainger ROCE % Calculation

Grainger's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	58.2	/	( ( (3579.1 - 154.5)	+	(3722.3 - 129.9) )	/ 2 )
	=	58.2	/	( (3424.6	+	3592.4)	/ 2 )
	=	58.2	/	3508.5
	=	1.66 %

Grainger's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-27.4	/	( ( (3722.3 - 129.9)	+	(3672 - 138.7) )	/ 2 )
	=	-27.4	/	( ( 3592.4	+	3533.3 )	/ 2 )
	=	-27.4	/	3562.85
	=	-0.77 %

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

Grainger (CHIX:GRIl) 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.

Grainger ROCE % Related Terms

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Grainger (CHIX:GRIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grainger PLC (CHIX:GRIl) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRGTF:USA GRI:UK 1U4:Germany

Address

St James' Boulevard, Citygate, Newcastle upon Tyne, GBR, NE1 4JE

Website

https://www.graingerplc.co.uk

Grainger PLC owns, leases, and manages residential properties. The company derives the vast majority of its revenue through property sales and rental income. The business categorizes its operations into U.K. residential, retirement solutions, fund and third-party management, the U.K. and European development, German residential, and other. U.K. Residential represents the bulk of the group's revenue, with retirement solutions and the U.K and European development also contributing a substantial portion. The company also offers residential fund- and asset management services. The two segments for the company are PRS and Reversionary.

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