Canaf Investments (TSXV:CAF) ROCE % : 25.17% (As of Jan. 2024)

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What is Canaf Investments 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. Canaf Investments's annualized ROCE % for the quarter that ended in Jan. 2024 was 25.17%.

Canaf Investments ROCE % Historical Data

The historical data trend for Canaf Investments'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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Canaf Investments ROCE % Chart

Canaf Investments Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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20.34

31.07

25.56

28.22

40.84

Canaf Investments Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															30.50	39.39	41.31	52.50	25.17

Canaf Investments ROCE % Calculation

Canaf Investments's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	3.572	/	( ( (10.581 - 3.212)	+	(13.619 - 3.496) )	/ 2 )
	=	3.572	/	( (7.369	+	10.123)	/ 2 )
	=	3.572	/	8.746
	=	40.84 %

Canaf Investments's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	2.568	/	( ( (13.619 - 3.496)	+	(14.577 - 4.296) )	/ 2 )
	=	2.568	/	( ( 10.123	+	10.281 )	/ 2 )
	=	2.568	/	10.202
	=	25.17 %

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

Canaf Investments (TSXV:CAF) 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.

Canaf Investments ROCE % Related Terms

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Canaf Investments (TSXV:CAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Canaf Investments Inc (TSXV:CAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CAFZF:USA

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.canafinvestments.com

Canaf Investments Inc is a Canadian company that owns and operates a coal processing plant in South Africa that processes coal and coal products into calcine, a coke substitute with high carbon content. The company, through its subsidiaries, produces calcined anthracite used in the manufacturing process of steel and manganese. The company operates in two reportable segments are Canada and South Africa, out of which the majority of revenue comes from South Africa.

Executives

Monita Faris

Director