Adecoagro (Adecoagro) ROCE % : 17.08% (As of Sep. 2023)

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What is Adecoagro 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. Adecoagro's annualized ROCE % for the quarter that ended in Sep. 2023 was 17.08%.

Adecoagro ROCE % Historical Data

The historical data trend for Adecoagro'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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Adecoagro ROCE % Chart

Adecoagro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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1.37

4.37

3.94

11.84

9.18

Adecoagro Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															9.89	5.09	8.40	20.20	17.08

Adecoagro ROCE % Calculation

Adecoagro's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	216.514	/	( ( (2582.401 - 357.426)	+	(3108.855 - 615.028) )	/ 2 )
	=	216.514	/	( (2224.975	+	2493.827)	/ 2 )
	=	216.514	/	2359.401
	=	9.18 %

Adecoagro'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	461.912	/	( ( (3300.014 - 614.573)	+	(3360.327 - 637.005) )	/ 2 )
	=	461.912	/	( ( 2685.441	+	2723.322 )	/ 2 )
	=	461.912	/	2704.3815
	=	17.08 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Adecoagro (NYSE:AGRO) 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.

Adecoagro ROCE % Related Terms

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Adecoagro (Adecoagro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Adecoagro SA (NYSE:AGRO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ACD:Germany ADGO:Argentina

Address

6, Rue Eugene Ruppert, Vertigo Naos Building, Luxembourg, LUX, L-2453

Website

https://www.adecoagro.com

Adecoagro SA is a Luxembourg-based agricultural company. It is involved in a wide range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol, energy production, and land transformation. The company operates through three segments namely Farming, Sugar, Ethanol and Energy, and Land Transformation. The Farming segment consists of planting, harvesting, and sale of grains, oilseeds and fibers, rice, and production and sale of dairy products; the Sugar, Ethanol, and Energy segment consists of cultivating sugar cane which is processed in owned sugar mills, transformed into ethanol; and the Land Transformation segment comprises identification and acquisition of underdeveloped and undermanaged farmland.