Ag Growth International (TSX:AFN) ROCE % : 9.77% (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Ag Growth International 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. Ag Growth International's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.77%.

Ag Growth International ROCE % Historical Data

The historical data trend for Ag Growth International'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.

* Premium members only.

Ag Growth International ROCE % Chart

Ag Growth International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.71

-2.89

4.61

1.33

13.65

Ag Growth International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-18.14	12.47	11.76	18.04	9.77

Ag Growth International ROCE % Calculation

Ag Growth International's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	159.734	/	( ( (1646.051 - 412.217)	+	(1654.976 - 548) )	/ 2 )
	=	159.734	/	( (1233.834	+	1106.976)	/ 2 )
	=	159.734	/	1170.405
	=	13.65 %

Ag Growth International'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	115.3	/	( ( (1711.119 - 457.917)	+	(1654.976 - 548) )	/ 2 )
	=	115.3	/	( ( 1253.202	+	1106.976 )	/ 2 )
	=	115.3	/	1180.089
	=	9.77 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Ag Growth International (TSX:AFN) 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.

Ag Growth International ROCE % Related Terms

Thank you for viewing the detailed overview of Ag Growth International's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ag Growth International (TSX:AFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ag Growth International Inc (TSX:AFN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AGGZF:USA 7AG:Germany

Address

198 Commerce Drive, Winnipeg, MB, CAN, R3P 0Z6

Website

https://www.aggrowth.com

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. It has two reportable segment farm and commercial. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision. It has manufacturing facilities in Canada, the United States, Italy, Brazil, France, United Kingdom, and India. Its geographical segments are Canada, United States, and the International.

Ag Growth International (TSX:AFN) Headlines

No Headlines