Heavitree Brewery (LSE:HVT) ROCE % : 10.36% (As of Oct. 2023)

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What is Heavitree Brewery 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. Heavitree Brewery's annualized ROCE % for the quarter that ended in Oct. 2023 was 10.36%.

Heavitree Brewery ROCE % Historical Data

The historical data trend for Heavitree Brewery'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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Heavitree Brewery ROCE % Chart

Heavitree Brewery Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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12.78

3.55

6.88

12.75

10.83

Heavitree Brewery Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															13.71	12.38	13.91	10.76	10.36

Heavitree Brewery ROCE % Calculation

Heavitree Brewery's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	1.991	/	( ( (20.523 - 1.701)	+	(21.331 - 3.369) )	/ 2 )
	=	1.991	/	( (18.822	+	17.962)	/ 2 )
	=	1.991	/	18.392
	=	10.83 %

Heavitree Brewery's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	1.93	/	( ( (21.188 - 1.883)	+	(21.331 - 3.369) )	/ 2 )
	=	1.93	/	( ( 19.305	+	17.962 )	/ 2 )
	=	1.93	/	18.6335
	=	10.36 %

(1) Note: The EBIT data used here is two times the semi-annual (Oct. 2023) EBIT data.

Heavitree Brewery (LSE:HVT) 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.

Heavitree Brewery ROCE % Related Terms

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Heavitree Brewery (LSE:HVT) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Heavitree Brewery PLC (LSE:HVT) » Definitions » ROCE %

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HVTA:UK

Address

Heavitree Brewery, Trood Lane, Matford, Exeter, GBR, EX2 8YP

Website

https://www.heavitreebrewery.co.uk

Heavitree Brewery PLC is a UK-based company engaged in the business of leasing and operating public houses. Its geographical segments include the United Kingdom and the United States. The firm mainly involves running and developing tenanted and leased estate. The company owns over 60 pubs which include The Anchor Inn, The Ashcott Inn, The Atmospheric Railway, The Beach Hotel, The Bell Inn, The Brunswick Arms, and others. It also owns land in the United States through its subsidiary while the majority of its revenues are generated from the pubs that it owns in the United Kingdom.