Ricegrowers (ASX:SGLLV) ROCE % : 15.21% (As of Oct. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Ricegrowers 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. Ricegrowers's annualized ROCE % for the quarter that ended in Oct. 2023 was 15.21%.

Ricegrowers ROCE % Historical Data

The historical data trend for Ricegrowers'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.

* Premium members only.

Ricegrowers ROCE % Chart

Ricegrowers Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

10.20

6.82

4.34

11.08

13.36

Ricegrowers Semi-Annual Data
	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial					8.95	14.26	8.56	16.28	15.21

Ricegrowers ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	83.709	/	( ( (1198.793 - 572.846)	+	(1326.963 - 700.224) )	/ 2 )
	=	83.709	/	( (625.947	+	626.739)	/ 2 )
	=	83.709	/	626.343
	=	13.36 %

Ricegrowers's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	99.23	/	( ( (1326.963 - 700.224)	+	(1264.905 - 586.849) )	/ 2 )
	=	99.23	/	( ( 626.739	+	678.056 )	/ 2 )
	=	99.23	/	652.3975
	=	15.21 %

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

Ricegrowers (ASX:SGLLV) 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.

Ricegrowers ROCE % Related Terms

Thank you for viewing the detailed overview of Ricegrowers's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ricegrowers (ASX:SGLLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ricegrowers Ltd (ASX:SGLLV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7H0:Germany

Address

57 Yanco Avenue, Leeton, NSW, AUS, 2705

Website

https://www.sunrice.com.au

Ricegrowers Ltd is engaged in offering varieties of rice and related products. The business activities of the company are operated under Rice Food, International Rice, Rice Food, Riviana, CopRice, and Corporate segments. The principal activities of the company and its entities consist of the purchase and storage of paddy rice, the milling, processing, manufacturing, procurement, distribution, and marketing of rice and related products, animal feed and nutrition products, groceries, and others. The company generates maximum revenue from the International Rice segment.

Ricegrowers (ASX:SGLLV) Headlines

No Headlines