OK Zimbabwe (XZIM:OKZ.ZW) ROCE % : 48.79% (As of Sep. 2023)

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What is OK Zimbabwe 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. OK Zimbabwe's annualized ROCE % for the quarter that ended in Sep. 2023 was 48.79%.

OK Zimbabwe ROCE % Historical Data

The historical data trend for OK Zimbabwe'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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OK Zimbabwe ROCE % Chart

OK Zimbabwe Annual Data

Trend

Mar09

Mar11

Mar12

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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76.54

80.11

33.58

43.18

17.79

OK Zimbabwe Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial											64.23	69.21	106.66	-58.74	48.79

OK Zimbabwe ROCE % Calculation

OK Zimbabwe's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	12806.039	/	( ( (90097.727 - 27270.025)	+	(133353.692 - 52218.662) )	/ 2 )
	=	12806.039	/	( (62827.702	+	81135.03)	/ 2 )
	=	12806.039	/	71981.366
	=	17.79 %

OK Zimbabwe'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 )
	=	112423.808	/	( ( (133353.692 - 52218.662)	+	(600656.768 - 220930.79) )	/ 2 )
	=	112423.808	/	( ( 81135.03	+	379725.978 )	/ 2 )
	=	112423.808	/	230430.504
	=	48.79 %

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

OK Zimbabwe (XZIM:OKZ.ZW) 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.

OK Zimbabwe ROCE % Related Terms

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OK Zimbabwe (XZIM:OKZ.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » OK Zimbabwe Ltd (XZIM:OKZ.ZW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

OK House, 7 Ramon Road, P.O. Box 3081, Graniteside, Harare, ZWE

Website

https://www.okziminvestor.com

OK Zimbabwe Ltd is a supermarket retailer in Zimbabwe. The company's business covers three categories including groceries, basic clothing and textiles, and houseware products. Its groceries category includes dry groceries, butchery, delicatessen, takeaway, bakery, provisions and fruit, and vegetable sections. The company trades its product under brand names, including OK Stores, Bon Marche Stores, and OKmart.

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