Jse (JSEJF) ROCE % : 245.29% (As of Dec. 2023)

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What is Jse 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. Jse's annualized ROCE % for the quarter that ended in Dec. 2023 was 245.29%.

Jse ROCE % Historical Data

The historical data trend for Jse'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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Jse ROCE % Chart

Jse Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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87.73

74.49

61.83

91.12

125.80

Jse 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															108.79	22.39	169.23	21.26	245.29

Jse ROCE % Calculation

Jse's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	310.849	/	( ( (3549.564 - 3297.013)	+	(3208.88 - 2967.254) )	/ 2 )
	=	310.849	/	( (252.551	+	241.626)	/ 2 )
	=	310.849	/	247.0885
	=	125.80 %

Jse'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 )
	=	570.752	/	( ( (3305.583 - 3081.832)	+	(3208.88 - 2967.254) )	/ 2 )
	=	570.752	/	( ( 223.751	+	241.626 )	/ 2 )
	=	570.752	/	232.6885
	=	245.29 %

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

Jse (OTCPK:JSEJF) 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.

Jse ROCE % Related Terms

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Jse (JSEJF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jse Ltd (OTCPK:JSEJF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JSE:South Africa JF6:Germany

Address

2 Gwen Lane, One Exchange Square, Sandown, Sandton, Johannesburg, ZAF, 2196

Website

https://www.jse.co.za

Jse Ltd operates in South Africa, but offers its services to local and global investors seeking exposure to the broader African continent. The Johannesburg Stock Exchange offers primary and secondary capital markets across a diverse range of securities, supported by its post-trade and regulatory services. JSE's main lines of business include Capital Markets, Post-Trade Services and Information Services. The company's business model also emphasizes technological innovation to support and drive its trading, clearing, and settlement services. The company offers five financial markets, principally equity and bonds, as well as financial, commodity, and interest-rate derivatives.

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