SIV Capital (ASX:SIV) ROCE % : -5.78% (As of Dec. 2023)

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What is SIV Capital 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. SIV Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.78%.

SIV Capital ROCE % Historical Data

The historical data trend for SIV Capital'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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SIV Capital ROCE % Chart

SIV Capital Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-13.74

8.26

-22.01

-8.12

-4.01

SIV Capital Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.45	-11.02	2.61	-11.08	-5.78

SIV Capital ROCE % Calculation

SIV Capital's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.332	/	( ( (8.769 - 0.172)	+	(8.07 - 0.129) )	/ 2 )
	=	-0.332	/	( (8.597	+	7.941)	/ 2 )
	=	-0.332	/	8.269
	=	-4.01 %

SIV Capital's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.458	/	( ( (8.07 - 0.129)	+	(7.988 - 0.078) )	/ 2 )
	=	-0.458	/	( ( 7.941	+	7.91 )	/ 2 )
	=	-0.458	/	7.9255
	=	-5.78 %

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

SIV Capital (ASX:SIV) 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.

SIV Capital ROCE % Related Terms

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SIV Capital (ASX:SIV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SIV Capital Ltd (ASX:SIV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Kurilpa Street, West End, Brisbane, QLD, AUS, 4101

Website

https://www.sivcapital.com.au

SIV Capital Ltd is an Australia-based company that provides commercial equipment rental and financing solutions to small and medium-sized businesses in hospitality and other industries. It operates in a single segment that is GoGetta through which its renting business is operated. All of its revenues are generated in Australia in the form of Rental Income, lease Interest, and Interest Income.

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