The Cato (FRA:CO2A) ROCE % : -11.37% (As of Jan. 2024)

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What is The Cato 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. The Cato's annualized ROCE % for the quarter that ended in Jan. 2024 was -11.37%.

The Cato ROCE % Historical Data

The historical data trend for The Cato'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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The Cato ROCE % Chart

The Cato Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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10.39

-15.41

10.14

0.51

-4.22

The Cato 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															0.46	6.43	1.29	-14.97	-11.37

The Cato ROCE % Calculation

The Cato's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-12.637	/	( ( (513.314 - 188.344)	+	(446.898 - 172.591) )	/ 2 )
	=	-12.637	/	( (324.97	+	274.307)	/ 2 )
	=	-12.637	/	299.6385
	=	-4.22 %

The Cato'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 )
	=	-31.916	/	( ( (461.537 - 174.46)	+	(446.898 - 172.591) )	/ 2 )
	=	-31.916	/	( ( 287.077	+	274.307 )	/ 2 )
	=	-31.916	/	280.692
	=	-11.37 %

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

The Cato (FRA:CO2A) 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.

The Cato ROCE % Related Terms

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The Cato (FRA:CO2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Cato Corp (FRA:CO2A) » Definitions » ROCE %

Comparable Companies

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CATO:USA

Address

8100 Denmark Road, Charlotte, NC, USA, 28273-5975

Website

https://www.catofashions.com

The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates majority revenue offers fashion specialty stores. The Credit segment involves credit card services.

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