Ledesma (BUE:LEDE) ROCE %

: 83.81% (As of Feb. 2024)

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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. Ledesma's annualized ROCE % for the quarter that ended in Feb. 2024 was 83.81%.

Ledesma ROCE % Historical Data

The historical data trend for Ledesma'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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Ledesma Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

-13.62

18.99

30.28

35.75

21.54

Ledesma Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %																132.83	-146.85	25.52	99.73	83.81

Ledesma ROCE % Calculation

Ledesma's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	20759.089	/	( ( (136963.512 - 39638.673)	+	(134262.181 - 38796.8) )	/ 2 )
	=	20759.089	/	( (97324.839	+	95465.381)	/ 2 )
	=	20759.089	/	96395.11
	=	21.54 %

Ledesma's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	231803.76	/	( ( (281201.95 - 98132.191)	+	(476313.066 - 106237.44) )	/ 2 )
	=	231803.76	/	( ( 183069.759	+	370075.626 )	/ 2 )
	=	231803.76	/	276572.6925
	=	83.81 %

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

Ledesma (BUE:LEDE) 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.

Ledesma ROCE % Related Terms

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Ledesma (BUE:LEDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Ledesma SA (BUE:LEDE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Corrientes 415, 8th Floor, Capital Federal, Buenos Aires, ARG

Website

http://www.ledesma.com.ar

Ledesma SA is engaged in the production of sugar, paper, alcohol, bioethanol, energy, natural juices, meat, syrups, corn starches and cereals. The company also produces notebooks and other school supplies. The geographical scope of the Ledesma Group's operations is mainly in the Argentine Republic. It mainly carry out activities mainly of sugar sugar mill, alcohol distillery both hydrated intended for traditional uses and anhydrous, for bio-fuels, manufacturing of paper and stationery, production of fruits and juices and Agriculture and Livestock. It is one of the main players in the local markets for the production and marketing of sugar, alcohol, reams of paper, notebooks, coated papers and school supplies, and is the main exporter of oranges and grapefruits in the country.

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