Market Cap : 1.22 B | Enterprise Value : 1.6 B | PE Ratio : | PB Ratio : 0.90 |
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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. Barloworld's annualized ROCE % for the quarter that ended in Sep. 2020 was 2.15%.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Barloworld's annualized ROCE % for the fiscal year that ended in Sep. 2020 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Sep. 2020 ) | (A: Sep. 2019 ) | (A: Sep. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Sep. 2020 ) | (A: Sep. 2019 ) | (A: Sep. 2020 ) | |||||
= | -17.210572550332 | / | ( ( (3196.2121365411 - 1049.688728813) | + | (2861.1381686278 - 1008.5515032359) ) | / 2 ) | |
= | -17.210572550332 | / | ( (2146.5234077282 | + | 1852.5866653918) | / 2 ) | |
= | -17.210572550332 | / | 1999.55503656 | ||||
= | -0.86 % |
Barloworld's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2020 ) | (Q: Mar. 2020 ) | (Q: Sep. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2020 ) | (Q: Mar. 2020 ) | (Q: Sep. 2020 ) | |||||
= | 39.560413292777 | / | ( ( (2826.0204724126 - 990.15956968356) | + | (2861.1381686278 - 1008.5515032359) ) | / 2 ) | |
= | 39.560413292777 | / | ( ( 1835.8609027291 | + | 1852.5866653918 ) | / 2 ) | |
= | 39.560413292777 | / | 1844.2237840604 | ||||
= | 2.15 % |
Note: The EBIT data used here is two times the semi-annual (Sep. 2020) EBIT data.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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.
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