PZ Cussons (LSE:PZC) ROCE % : -24.10% (As of Nov. 2023)

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What is PZ Cussons 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. PZ Cussons's annualized ROCE % for the quarter that ended in Nov. 2023 was -24.10%.

PZ Cussons ROCE % Historical Data

The historical data trend for PZ Cussons'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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PZ Cussons ROCE % Chart

PZ Cussons Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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7.67

3.30

12.20

10.20

9.74

PZ Cussons Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial															8.20	12.67	11.61	7.76	-24.10

PZ Cussons ROCE % Calculation

PZ Cussons's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	74.2	/	( ( (941.9 - 195.7)	+	(988.4 - 210.4) )	/ 2 )
	=	74.2	/	( (746.2	+	778)	/ 2 )
	=	74.2	/	762.1
	=	9.74 %

PZ Cussons's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	-162.8	/	( ( (988.4 - 210.4)	+	(777.1 - 204.1) )	/ 2 )
	=	-162.8	/	( ( 778	+	573 )	/ 2 )
	=	-162.8	/	675.5
	=	-24.10 %

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

PZ Cussons (LSE:PZC) 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.

PZ Cussons ROCE % Related Terms

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PZ Cussons (LSE:PZC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PZ Cussons PLC (LSE:PZC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PZCUY:USA PZCl:UK 1ZQ:Germany

Address

Manchester Business Park, 3500 Aviator Way, Manchester, GBR, M22 5TG

Website

https://www.pzcussons.com

PZ Cussons PLC is a household and personal-care company. Its main business categories are personal care and beauty, home care, food and nutrition, and electricals. Its key geographies are Africa (Ghana, Nigeria, and Kenya); Europe (the UK, Poland, and Greece); Asia (Australia, Thailand, and Indonesia); and the US The personal care and beauty segment offers shower gels, soaps, and haircare products under brands like Cussons Baby and Carex. Thu home care division offers dishwashers and laundry detergents under the Zip, Radiant, and Morning Fresh brands. The food and nutrition division provides organic yogurts, olive oil, and baby food under the Minerva and Rafferty's Garden brands. The electrical division offers electrical household items such as audiovisual products and air conditioners.