Hallenstein Glassons Holdings (NZSE:HLG) ROCE % : 42.21% (As of Jan. 2024)

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What is Hallenstein Glassons Holdings 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. Hallenstein Glassons Holdings's annualized ROCE % for the quarter that ended in Jan. 2024 was 42.21%.

Hallenstein Glassons Holdings ROCE % Historical Data

The historical data trend for Hallenstein Glassons Holdings'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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Hallenstein Glassons Holdings ROCE % Chart

Hallenstein Glassons Holdings Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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39.87

5.39

9.45

1.73

6.50

Hallenstein Glassons Holdings Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															26.01	-22.38	43.11	-29.58	42.21

Hallenstein Glassons Holdings ROCE % Calculation

Hallenstein Glassons Holdings's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	9.442	/	( ( (205.195 - 61.987)	+	(202.569 - 55.07) )	/ 2 )
	=	9.442	/	( (143.208	+	147.499)	/ 2 )
	=	9.442	/	145.3535
	=	6.50 %

Hallenstein Glassons Holdings'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 )
	=	63.626	/	( ( (202.569 - 55.07)	+	(208.927 - 54.957) )	/ 2 )
	=	63.626	/	( ( 147.499	+	153.97 )	/ 2 )
	=	63.626	/	150.7345
	=	42.21 %

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

Hallenstein Glassons Holdings (NZSE:HLG) 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.

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Hallenstein Glassons Holdings (NZSE:HLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hallenstein Glassons Holdings Ltd (NZSE:HLG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

235 - 237 Broadway, P.O. Box 91148, Level 3, Newmarket, Auckland, NZL, 1023

Website

https://www.hallensteinglasson.co.nz

Hallenstein Glassons Holdings Ltd along with its subsidiaries is engaged in retailing men's and women's apparel. Its operating segment includes Glassons New Zealand; Glassons Australia; Hallenstein; Property and others. The company generates maximum revenue from the Glassons New Zealand segment.