Sygnia (JSE:SYG) ROCE % : 0.00% (As of Sep. 2023)

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What is Sygnia 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. Sygnia's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Sygnia ROCE % Historical Data

The historical data trend for Sygnia'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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Sygnia ROCE % Chart

Sygnia Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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0.22

0.31

0.41

0.50

0.91

Sygnia Semi-Annual Data
	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														0.54	0.31	0.68	0.30	-

Sygnia ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	1229.223	/	( ( (127617.831 - 353.738)	+	(143141.451 - 1330.509) )	/ 2 )
	=	1229.223	/	( (127264.093	+	141810.942)	/ 2 )
	=	1229.223	/	134537.5175
	=	0.91 %

Sygnia'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 )
	=	0	/	( ( (134706.893 - 454.803)	+	(143141.451 - 1330.509) )	/ 2 )
	=	0	/	( ( 134252.09	+	141810.942 )	/ 2 )
	=	0	/	138031.516
	=	0.00 %

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

Sygnia (JSE:SYG) 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.

Sygnia ROCE % Related Terms

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Sygnia (JSE:SYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Sygnia Ltd (JSE:SYG) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Cardiff Street, Green Point, 7th Floor, The Foundry, Cape Town, WC, ZAF, 8001

Website

https://www.sygnia.co.za

Sygnia Ltd is a specialist financial services company. The company provides investment management and administration solutions to institutional and retail clients located predominantly in South Africa. Its main investment services include domestic and international multi-manager and index-tracking products, customized investment design and management, transition management, and investment administration services. The company operates in Cape Town, Johannesburg, Durban, London.

Sygnia (JSE:SYG) Headlines

From GuruFocus

Sygnia Stock Shows Every Sign Of Being Fairly Valued

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