M (Macy's) ROCE % : 7.58% (As of Jul. 2024)

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What is Macy's 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. Macy's's annualized ROCE % for the quarter that ended in Jul. 2024 was 7.58%.

Macy's ROCE % Historical Data

The historical data trend for Macy's'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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Macy's ROCE % Chart

Macy's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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6.38

-32.42

17.33

13.90

2.17

Macy's Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															0.20	2.68	-2.51	4.35	7.58

Macy's ROCE % Calculation

Macy's's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	259	/	( ( (16866 - 4861)	+	(16246 - 4430) )	/ 2 )
	=	259	/	( (12005	+	11816)	/ 2 )
	=	259	/	11910.5
	=	2.17 %

Macy's's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	904	/	( ( (16449 - 4550)	+	(15833 - 3867) )	/ 2 )
	=	904	/	( ( 11899	+	11966 )	/ 2 )
	=	904	/	11932.5
	=	7.58 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.

Macy's (NYSE:M) 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.

Macy's ROCE % Related Terms

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Macy's Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Macy's Inc (NYSE:M) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

M:Mexico 1FDO:Italy 0JXD:UK FDO:Germany FDO:Germany MACY34:Brazil MACY:Austria

Address

151 West 34th Street, New York, NY, USA, 10001

Website

https://www.macysinc.com

Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 157 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 62% of Macy's 2023 sales.

Executives

Paul Griscom	officer: Interim Principal Acctg. Offr.	C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
Adrian V Mitchell	officer: Chief Financial Officer	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Danielle L. Kirgan	officer: Chief Human Resources Officer	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Antony Spring	officer: Chairman & CEO, Bloomingdale's	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Jeffrey Gennette	officer: Chief Merchandising Officer	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Garcia C Elisa D	officer: Chief Legal Officer	151 WEST 34TH STREET, NEW YORK NY 10001
Naveen K. Chopra	director	C/O 2160 GOLD STREET, SAN JOSE CA 95002
Emilie Arel	director	C/O CASPER SLEEP INC., 175 GREENWICH ST., THREE WORLD TRADE CENTER, FLOOR 39, NEW YORK NY 10007
Jill Granoff	director	LIZ CLAIBORNE, INC., 1441 BROADWAY, NEW YORK NY 10018
Marie A Chandoha	director	C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Ashley Buchanan	director	C/O THE MICHAELS COMPANIES, INC., 8000 BENT BRANCH DRIVE, IRVING TX 75063
Tracey Zhen	director	C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
John T. Harper	officer: Chief Operations Officer	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Paul C Varga	director	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Felicia Williams	officer: EVP,Controller/Enterprise Risk	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001