Redde Northgate (LSE:REDD) ROCE % : 12.98% (As of Oct. 2023)

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What is Redde Northgate 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. Redde Northgate's annualized ROCE % for the quarter that ended in Oct. 2023 was 12.98%.

Redde Northgate ROCE % Historical Data

The historical data trend for Redde Northgate'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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Redde Northgate ROCE % Chart

Redde Northgate Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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7.51

2.32

5.66

9.94

12.42

Redde Northgate 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															11.17	9.11	14.21	10.67	12.98

Redde Northgate ROCE % Calculation

Redde Northgate'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 )
	=	200.054	/	( ( (1846.913 - 323.691)	+	(2106.779 - 409.281) )	/ 2 )
	=	200.054	/	( (1523.222	+	1697.498)	/ 2 )
	=	200.054	/	1610.36
	=	12.42 %

Redde Northgate'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 )
	=	227.032	/	( ( (2106.779 - 409.281)	+	(2207.863 - 408.432) )	/ 2 )
	=	227.032	/	( ( 1697.498	+	1799.431 )	/ 2 )
	=	227.032	/	1748.4645
	=	12.98 %

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

Redde Northgate (LSE:REDD) 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.

Redde Northgate ROCE % Related Terms

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Redde Northgate (LSE:REDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redde Northgate PLC (LSE:REDD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

REDDl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.

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