Bid (JSE:BID) ROCE % : 18.18% (As of Dec. 2023)

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What is Bid 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. Bid's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.18%.

Bid ROCE % Historical Data

The historical data trend for Bid'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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Bid ROCE % Chart

Bid Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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19.31

8.03

12.07

16.58

18.47

Bid Semi-Annual Data
	Jun13	Jun14	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	17.29	19.30	19.01	18.18

Bid ROCE % Calculation

Bid'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 )
	=	10417.999	/	( ( (79567.488 - 31737.748)	+	(106640.252 - 41672.392) )	/ 2 )
	=	10417.999	/	( (47829.74	+	64967.86)	/ 2 )
	=	10417.999	/	56398.8
	=	18.47 %

Bid'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 )
	=	11838.138	/	( ( (106640.252 - 41672.392)	+	(102953.81 - 37685.526) )	/ 2 )
	=	11838.138	/	( ( 64967.86	+	65268.284 )	/ 2 )
	=	11838.138	/	65118.072
	=	18.18 %

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

Bid (JSE:BID) 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.

Bid ROCE % Related Terms

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Bid (JSE:BID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Bid Corp Ltd (JSE:BID) » Definitions » ROCE %

Comparable Companies

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BDDDY:USA BPPPF:USA

Address

90 Rivonia Road, 2nd Floor, North Wing, Sandton, Johannesburg, GT, ZAF, 2196

Website

http://www.bidcorpgroup.com

Bid Corp Ltd is a foodservice company. The company distributes chilled and frozen foods, fresh produce, meats, and nonfood products to operators around the globe. The company has various business segments, several of which it divides by geographic region. Its business segments include Australasia, the United Kingdom, Europe, and Emerging Markets. The company generates the vast majority of its revenue from Europe.