Good Drinks Australia (ASX:GDA) ROCE % : 6.21% (As of Dec. 2023)

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What is Good Drinks Australia 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. Good Drinks Australia's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.21%.

Good Drinks Australia ROCE % Historical Data

The historical data trend for Good Drinks Australia'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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Good Drinks Australia ROCE % Chart

Good Drinks Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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9.14

-5.13

9.23

4.71

1.55

Good Drinks Australia 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															9.60	-0.01	6.85	-3.91	6.21

Good Drinks Australia ROCE % Calculation

Good Drinks Australia'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 )
	=	1.389	/	( ( (124.434 - 33.644)	+	(133.647 - 45.057) )	/ 2 )
	=	1.389	/	( (90.79	+	88.59)	/ 2 )
	=	1.389	/	89.69
	=	1.55 %

Good Drinks Australia'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 )
	=	5.542	/	( ( (133.647 - 45.057)	+	(161.843 - 71.968) )	/ 2 )
	=	5.542	/	( ( 88.59	+	89.875 )	/ 2 )
	=	5.542	/	89.2325
	=	6.21 %

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

Good Drinks Australia (ASX:GDA) 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.

Good Drinks Australia ROCE % Related Terms

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Good Drinks Australia (ASX:GDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Good Drinks Australia Ltd (ASX:GDA) » Definitions » ROCE %

Comparable Companies

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N/A

Address

14 Absolon Street, Palmyra, Perth, WA, AUS, 6157

Website

https://www.gooddrinks.com.au

Good Drinks Australia Ltd is an Australia-based company operating in two segments; Core Business; the manufacturing, marketing, and selling of own branded beer, cider, and other beverages, and Hospitality; the operating of hospitality venues. The company offers its products under Gage Roads, Matso's, Alby, Atomic beer project, Hello sunshine, and San Miguel brand names.

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