Japfa (SGX:UD2) ROCE % : 13.91% (As of Mar. 2024)

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What is Japfa 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. Japfa's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.91%.

Japfa ROCE % Historical Data

The historical data trend for Japfa'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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Japfa ROCE % Chart

Japfa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.44

20.58

7.88

5.62

5.70

Japfa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-6.51	6.67	19.85	3.25	13.91

Japfa ROCE % Calculation

Japfa'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 )
	=	155.917	/	( ( (4147.129 - 1361.053)	+	(4107.958 - 1418.992) )	/ 2 )
	=	155.917	/	( (2786.076	+	2688.966)	/ 2 )
	=	155.917	/	2737.521
	=	5.70 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	376.956	/	( ( (4107.958 - 1418.992)	+	(4159.095 - 1427.883) )	/ 2 )
	=	376.956	/	( ( 2688.966	+	2731.212 )	/ 2 )
	=	376.956	/	2710.089
	=	13.91 %

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

Japfa (SGX:UD2) 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.

Japfa ROCE % Related Terms

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Japfa (SGX:UD2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Japfa Ltd (SGX:UD2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

391B Orchard Road, No. 18-08, Tower B, Ngee Ann City, Singapore, SGP, 238874

Website

https://www.japfa.com

Japfa Ltd is a farm products company that produces animal feed. The company has three business segments, Animal Protein - PT Japfa Tbk, which produces animal feed and multiple animal proteins, namely poultry, beef, and aquaculture, in Indonesia; Animal Protein - Other, which produces quality animal feed, poultry, and swine in Vietnam, Myanmar and India; and Dairy operations focuses on upstream dairy farming to produce premium raw milk for downstream customers in China. Its geographical segments are Singapore, Indonesia, China, Vietnam, Myanmar, India, Bangladesh, and others, of which the majority of its revenue comes from Indonesia.

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