Sipef (XBRU:SIP) ROCE % : 11.16% (As of Jun. 2023)

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What is Sipef 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. Sipef's annualized ROCE % for the quarter that ended in Jun. 2023 was 11.16%.

Sipef ROCE % Historical Data

The historical data trend for Sipef'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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Sipef ROCE % Chart

Sipef Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.62

0.81

3.96

17.21

19.99

Sipef Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															15.15	18.70	23.61	15.95	11.16

Sipef ROCE % Calculation

Sipef's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	166.484	/	( ( (877.712 - 99.279)	+	(1002.739 - 115.559) )	/ 2 )
	=	166.484	/	( (778.433	+	887.18)	/ 2 )
	=	166.484	/	832.8065
	=	19.99 %

Sipef's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	97.836	/	( ( (1002.739 - 115.559)	+	(994.761 - 129.37) )	/ 2 )
	=	97.836	/	( ( 887.18	+	865.391 )	/ 2 )
	=	97.836	/	876.2855
	=	11.16 %

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

Sipef (XBRU:SIP) 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.

Sipef ROCE % Related Terms

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Sipef (XBRU:SIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sipef SA (XBRU:SIP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BZ3:Germany

Address

Calesbergdreef 5, Kasteel Calesberg, Schoten, BEL, B-2900

Website

https://www.sipef.com

Sipef SA is a Belgium-based agro-industrial company. The company operates through five segments, namely Palm segment consisting of palm kernels and palm kernel oil in Indonesia and Papua New Guinea; Rubber segment produces a variety of rubber products such as ribbed smoked sheets, scraps, and lumps; Tea segment includes the sale of cut, tear, curl (CTC) tea brand; Bananas & horticulture segment includes the sale of bananas and horticulture originating from Ivory Coast; and Corporate segment includes administrative activities of the company. The company generates the majority of its revenue from the Palm segment. Its geographical segments are Indonesia, Ivory Coast, Papua New Guinea and Europe.

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