Adnams (AQSE:ADB) ROCE % : -13.54% (As of Jun. 2023)

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What is Adnams 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. Adnams's annualized ROCE % for the quarter that ended in Jun. 2023 was -13.54%.

Adnams ROCE % Historical Data

The historical data trend for Adnams'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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Adnams ROCE % Chart

Adnams Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-0.80

1.23

-7.17

-2.56

-3.99

Adnams Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial										-15.61	10.77	-3.84	-4.18	-13.54

Adnams ROCE % Calculation

Adnams's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.528	/	( ( (52.895 - 13.439)	+	(53.334 - 16.288) )	/ 2 )
	=	-1.528	/	( (39.456	+	37.046)	/ 2 )
	=	-1.528	/	38.251
	=	-3.99 %

Adnams's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-4.798	/	( ( (53.334 - 16.288)	+	(51.25 - 17.429) )	/ 2 )
	=	-4.798	/	( ( 37.046	+	33.821 )	/ 2 )
	=	-4.798	/	35.4335
	=	-13.54 %

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

Adnams (AQSE:ADB) 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.

Adnams ROCE % Related Terms

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Adnams (AQSE:ADB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Adnams PLC (AQSE:ADB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sole Bay Brewery, Southwold, Suffolk, GBR, IP18 6JW

Website

https://www.adnams.co.uk

Adnams PLC is engaged in brewers, distillers, wine merchants, retailers, publicans, and hoteliers. The company's business segments are Adnams Brewing & Brands (Drinks), which comprises brewing and distribution of beer, spirits, and other products, Adnams Pubs & Hotel Properties, which comprises tenanted pubs and managed inns, and Adnams Retail, which comprises shops together with the mail order and web businesses.

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