Fuller Smith & Turner (LSE:FSTA) ROCE % : 6.61% (As of Sep. 2023)

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What is Fuller Smith & Turner 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. Fuller Smith & Turner's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.61%.

Fuller Smith & Turner ROCE % Historical Data

The historical data trend for Fuller Smith & Turner'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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Fuller Smith & Turner ROCE % Chart

Fuller Smith & Turner Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.17

2.76

-9.15

4.28

3.72

Fuller Smith & Turner Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															5.39	2.22	5.23	1.88	6.61

Fuller Smith & Turner ROCE % Calculation

Fuller Smith & Turner's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	22.9	/	( ( (749.7 - 184.5)	+	(732.6 - 65.9) )	/ 2 )
	=	22.9	/	( (565.2	+	666.7)	/ 2 )
	=	22.9	/	615.95
	=	3.72 %

Fuller Smith & Turner's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	43.8	/	( ( (732.6 - 65.9)	+	(720 - 61.1) )	/ 2 )
	=	43.8	/	( ( 666.7	+	658.9 )	/ 2 )
	=	43.8	/	662.8
	=	6.61 %

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

Fuller Smith & Turner (LSE:FSTA) 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.

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Fuller Smith & Turner (LSE:FSTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Fuller Smith & Turner PLC (LSE:FSTA) » Definitions » ROCE %

Comparable Companies

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FSTAl:UK FSTA.GB:UK 54GW.PFD:UK

Address

86-93 Strand-on-the-Green, Pier House, London, GBR, W4 3NN

Website

https://www.fullers.co.uk

Fuller Smith & Turner PLC is a family-owned operator of pubs and hotels in the United Kingdom. The company functions through two segments: Managed Pubs and Hotels and Tenanted Inns. Managed Pubs and Hotels, which comprises managed pubs, managed hotels, Bel & The Dragon, and Cotswold Inns & Hotels. Tenanted Inns, which comprises pubs operated by third parties under tenancy or lease agreements. Managed Pubs and Hotels segment generates most of the revenue for the company.