Bidvest Group (Bidvest Group) ROCE % : 17.41% (As of Dec. 2023)

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What is Bidvest Group 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. Bidvest Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.41%.

Bidvest Group ROCE % Historical Data

The historical data trend for Bidvest Group'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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Bidvest Group ROCE % Chart

Bidvest Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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18.34

6.14

14.84

15.73

15.50

Bidvest Group 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															15.96	15.62	17.50	14.95	17.41

Bidvest Group ROCE % Calculation

Bidvest Group'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 )
	=	589.932	/	( ( (6071.439 - 2121.441)	+	(5735.378 - 2074.48) )	/ 2 )
	=	589.932	/	( (3949.998	+	3660.898)	/ 2 )
	=	589.932	/	3805.448
	=	15.50 %

Bidvest Group'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 )
	=	654.072	/	( ( (5735.378 - 2074.48)	+	(5965.685 - 2113.602) )	/ 2 )
	=	654.072	/	( ( 3660.898	+	3852.083 )	/ 2 )
	=	654.072	/	3756.4905
	=	17.41 %

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

Bidvest Group (OTCPK:BDVSY) 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.

Bidvest Group ROCE % Related Terms

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Bidvest Group (Bidvest Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Bidvest Group Ltd (OTCPK:BDVSY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BVT:South Africa NQL1:Germany

Address

18 Crescent Drive, Bidvest House, Melrose Arch, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.bidvest.com

Bidvest Group Ltd is a South African distribution, manufacturing, and services company. The Group principally generates revenue from providing a wide range of goods and services through its segments; Services International, Services South Africa, Freight, Commercial Products, Branded Products, Financial Services and Automotive, Adcock Ingram, Properties and Corporate and Investments. The company earns majority of its revenue from Services International.

Bidvest Group (Bidvest Group) Headlines

From GuruFocus

Baron Emerging Markets Fund Comments on Bidvest Group Ltd.

By Holly LaFon Holly LaFon • 02-16-2017