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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. UniFirst's annualized ROCE % for the quarter that ended in Feb. 2024 was 4.75%.
The historical data trend for UniFirst'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.
UniFirst Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 13.25 | 8.98 | 9.52 | 6.23 | 5.96 |
UniFirst Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
ROCE % | Get a 7-Day Free Trial | 3.74 | 5.95 | 6.32 | 9.15 | 4.75 |
UniFirst's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Aug. 2023 ) | (A: Aug. 2022 ) | (A: Aug. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Aug. 2023 ) | (A: Aug. 2022 ) | (A: Aug. 2023 ) | |||||
= | 133.603 | / | ( ( (2427.972 - 243.745) | + | (2569.975 - 267.229) ) | / 2 ) | |
= | 133.603 | / | ( (2184.227 | + | 2302.746) | / 2 ) | |
= | 133.603 | / | 2243.4865 | ||||
= | 5.96 % |
UniFirst's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | 111.772 | / | ( ( (2602.052 - 258.785) | + | (2620.953 - 262.864) ) | / 2 ) | |
= | 111.772 | / | ( ( 2343.267 | + | 2358.089 ) | / 2 ) | |
= | 111.772 | / | 2350.678 | ||||
= | 4.75 % |
(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.
* 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.
UniFirst (NYSE:UNF) 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.
Thank you for viewing the detailed overview of UniFirst's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
David A Difillippo | officer: Senior VP of Operations | |
Matthew Croatti | 10 percent owner | C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887 |
Michael A Croatti | officer: Senior VP of Operations | C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887 |
William Masters Ross | officer: Senior VP of Operations | C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887 |
Shane O'connor | officer: Senior VP and CFO | 68 JONSPIN ROAD, WILMINGTON MA 01887 |
Steven S Sintros | officer: VP of Finance and CFO | 68 JONSPIN RD., WILMINGTON MA 01888 |
Sergio A Pupkin | director | C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208 |
David Martin Katz | officer: VP of Sales and Marketing | 68 JONSPIN ROAD, WILMINGTON MA 01887 |
Joseph M Nowicki | director | C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170 |
Cynthia Croatti | director, 10 percent owner, officer: Executive VP and Treasurer | 68 JONSPIN ROAD, WILMINGTON DC 01887 |
Carol Croatti | 10 percent owner | 21 JEFFERSON DRIVE, LONDONDERRY NH 03053 |
The Ronald D Croatti Trust - 1993 | 10 percent owner | C/O CAROL CROATTI, 21 JEFFERSON DRIVE, LONDONDERRY NH 03053 |
Kathleen M Camilli | director | |
Michael Iandoli | director | 68 JONSPIN RD, WILMINGTON MA 01887 |
Phillip L Cohen | director | 68 JONSPIN ROAD, WILMINGTON MA 01887 |
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