RFM (PHS:RFM) ROCE % : 7.86% (As of Mar. 2024)

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What is RFM 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. RFM's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.86%.

RFM ROCE % Historical Data

The historical data trend for RFM'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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RFM ROCE % Chart

RFM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.93

13.83

12.99

10.28

11.56

RFM Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.33	13.73	16.48	9.85	7.86

RFM ROCE % Calculation

RFM's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1719.354	/	( ( (20857.898 - 6710.103)	+	(23007.985 - 7401.697) )	/ 2 )
	=	1719.354	/	( (14147.795	+	15606.288)	/ 2 )
	=	1719.354	/	14877.0415
	=	11.56 %

RFM's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1216	/	( ( (23007.985 - 7401.697)	+	(22890 - 7554) )	/ 2 )
	=	1216	/	( ( 15606.288	+	15336 )	/ 2 )
	=	1216	/	15471.144
	=	7.86 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

RFM (PHS:RFM) 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.

RFM ROCE % Related Terms

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RFM (PHS:RFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » RFM Corp (PHS:RFM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pioneer Corner, Sheridan Streets, RFM Corporate Center, Metro Manila, Mandaluyong, PHL, 1550

Website

https://www.rfmfoods.com

RFM Corp is engaged in the food and beverage industry. Its activities include processing and manufacturing flour, bread, and flour-based products like pasta and cake mixes, sauces, milk, juice drinks, and ice cream. Its operating segment is the Institutional segment and the Consumer segment. It is also involved in non-food businesses, which include barging services (Rizal Lighterage Corporation) and leasing of commercial/office spaces. The majority of its revenue derives from the Consumer segment, which manufactures and sells ice cream, milk and juices, pasta products, and flour and rice-based mixes.

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