Colonial Motor Co (NZSE:CMO) ROCE % : 11.18% (As of Dec. 2023)

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What is Colonial Motor Co 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. Colonial Motor Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.18%.

Colonial Motor Co ROCE % Historical Data

The historical data trend for Colonial Motor Co'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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Colonial Motor Co ROCE % Chart

Colonial Motor Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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18.05

12.52

15.27

17.41

15.61

Colonial Motor Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															20.14	15.98	14.69	17.14	11.18

Colonial Motor Co ROCE % Calculation

Colonial Motor Co's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	54.351	/	( ( (458.213 - 123.701)	+	(548.418 - 186.406) )	/ 2 )
	=	54.351	/	( (334.512	+	362.012)	/ 2 )
	=	54.351	/	348.262
	=	15.61 %

Colonial Motor Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	42.02	/	( ( (548.418 - 186.406)	+	(625.459 - 235.904) )	/ 2 )
	=	42.02	/	( ( 362.012	+	389.555 )	/ 2 )
	=	42.02	/	375.7835
	=	11.18 %

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

Colonial Motor Co (NZSE:CMO) 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.

Colonial Motor Co ROCE % Related Terms

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Colonial Motor Co (NZSE:CMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Colonial Motor Co Ltd (NZSE:CMO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Courtenay Place, Level 6, PO Box 6159, Wellington, NZL, 6141

Website

https://www.colmotor.co.nz

Colonial Motor Co Ltd is a New Zealand based company engaged in the principal activity of operating franchised motor vehicle dealerships. It owns motor vehicle dealerships throughout the country and has dealerships selling heavy trucks and tractors. The company has many dealerships and has a primary focus on Ford. Also, the company provides administrative and financial services to the subsidiaries as well as leasing them at market rates for many of the properties. Substantial revenue is generated from the sale of goods.