Briscoe Group (NZSE:BGP) ROCE % : 22.59% (As of Jan. 2024)

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What is Briscoe Group 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. Briscoe Group's annualized ROCE % for the quarter that ended in Jan. 2024 was 22.59%.

Briscoe Group ROCE % Historical Data

The historical data trend for Briscoe Group'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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Briscoe Group ROCE % Chart

Briscoe Group Annual Data

Trend

Jan14

Jan15

Jan16

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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22.62

20.68

24.81

24.10

22.83

Briscoe Group Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															22.77	24.92	23.61	23.26	22.59

Briscoe Group ROCE % Calculation

Briscoe Group'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 )
	=	132.505	/	( ( (717.387 - 142.793)	+	(721.156 - 134.717) )	/ 2 )
	=	132.505	/	( (574.594	+	586.439)	/ 2 )
	=	132.505	/	580.5165
	=	22.83 %

Briscoe Group'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: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	131.228	/	( ( (689.294 - 113.73)	+	(721.156 - 134.717) )	/ 2 )
	=	131.228	/	( ( 575.564	+	586.439 )	/ 2 )
	=	131.228	/	581.0015
	=	22.59 %

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

Briscoe Group (NZSE:BGP) 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.

Briscoe Group ROCE % Related Terms

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Briscoe Group (NZSE:BGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Briscoe Group Ltd (NZSE:BGP) » Definitions » ROCE %

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BGP:Australia

Address

1 Taylors Road, Morningside, Auckland, NZL, 1025

Website

https://www.briscoegroup.co.nz

Briscoe Group Ltd is one of New Zealand's retailing groups, operating homeware and sporting goods stores. It operates under three brand names Briscoes Homeware, Living & Giving, and Rebel Sport. The company's operating segments include Homeware and Sporting Goods. Majority of company's revenue is generated from Homeware segment.

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