Haverty Furniture (Haverty Furniture) ROCE % : 12.84% (As of Dec. 2023)

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What is Haverty Furniture 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. Haverty Furniture's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.84%.

Haverty Furniture ROCE % Historical Data

The historical data trend for Haverty Furniture'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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Haverty Furniture ROCE % Chart

Haverty Furniture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.89

9.17

24.86

24.30

13.32

Haverty Furniture Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															25.29	11.49	11.65	16.41	12.84

Haverty Furniture ROCE % Calculation

Haverty Furniture'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 )
	=	67.28	/	( ( (649.049 - 154.432)	+	(654.133 - 138.264) )	/ 2 )
	=	67.28	/	( (494.617	+	515.869)	/ 2 )
	=	67.28	/	505.243
	=	13.32 %

Haverty Furniture'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	66.836	/	( ( (676.681 - 151.406)	+	(654.133 - 138.264) )	/ 2 )
	=	66.836	/	( ( 525.275	+	515.869 )	/ 2 )
	=	66.836	/	520.572
	=	12.84 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Haverty Furniture (NYSE:HVT.A) 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.

Haverty Furniture ROCE % Related Terms

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Haverty Furniture (Haverty Furniture) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Haverty Furniture Companies Inc (NYSE:HVT.A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HVT:USA 25F:Germany

Address

780 Johnson Ferry Road, Suite 800, Atlanta, GA, USA, 30342

Website

https://www.havertys.com

Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, Florals and Tress, and other related products. The company operates primarily in the Southern and Midwestern U.S. All its activities are encompassed in its Merchandise division. The company derives the majority of its revenue from its upholstery products and, secondarily, from bedroom furniture.