Just Life Group (NZSE:JLG) ROCE % : 7.69% (As of Dec. 2023)

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What is Just Life 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. Just Life Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.69%.

Just Life Group ROCE % Historical Data

The historical data trend for Just Life 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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Just Life Group ROCE % Chart

Just Life Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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12.74

18.03

14.54

9.30

9.42

Just Life Group 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															11.01	7.69	9.34	9.52	7.69

Just Life Group ROCE % Calculation

Just Life Group'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 )
	=	4.707	/	( ( (59.029 - 7.78)	+	(54.954 - 6.216) )	/ 2 )
	=	4.707	/	( (51.249	+	48.738)	/ 2 )
	=	4.707	/	49.9935
	=	9.42 %

Just Life Group'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 )
	=	3.728	/	( ( (54.954 - 6.216)	+	(54.264 - 6.074) )	/ 2 )
	=	3.728	/	( ( 48.738	+	48.19 )	/ 2 )
	=	3.728	/	48.464
	=	7.69 %

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

Just Life Group (NZSE:JLG) 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.

Just Life Group ROCE % Related Terms

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Just Life Group (NZSE:JLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Just Life Group Ltd (NZSE:JLG) » Definitions » ROCE %

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Address

130 Hugo Johnston Drive, Penrose, Auckland, NTL, NZL, 1061

Website

https://www.justlifegroup.co.nz

Just Life Group Ltd is a New Zealand based company that is focused on supplying products and services that enhance the lives of people. It has two operating segments: Healthy Living and Healthy Homes. Through these segments, it is engaged in the provision of filtered water solutions to customers including the sale of water and water-related products and enabling healthier homes with its Solatube daylighting products, the Cylinder Guy, Designer Tanks and Unovent home ventilation systems.

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