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AFDG (African Discovery Group) ROCE % : 61.05% (As of Aug. 2023)


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What is African Discovery Group 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. African Discovery Group's annualized ROCE % for the quarter that ended in Aug. 2023 was 61.05%.

African Discovery Group ROCE % Historical Data

The historical data trend for African Discovery Group'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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African Discovery Group ROCE % Chart

African Discovery Group Annual Data
Trend Dec10 Feb12 Feb13 Feb15 Feb16 Feb17
ROCE %
Get a 7-Day Free Trial 29.05 34.32 15.00 38.68 26.76

African Discovery Group Semi-Annual Data
Jun10 Dec10 Jun11 Feb12 Aug12 Feb13 Aug13 Feb15 Aug15 Feb16 Aug16 Feb17 Aug22 Aug23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.48 37.94 21.61 8.53 61.05

African Discovery Group ROCE % Calculation

African Discovery Group's annualized ROCE % for the fiscal year that ended in Feb. 2017 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Feb. 2017 )  (A: Feb. 2016 )(A: Feb. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Feb. 2017 )  (A: Feb. 2016 )(A: Feb. 2017 )
=0.626/( ( (3.435 - 1.733) + (4.709 - 1.733) )/ 2 )
=0.626/( (1.702+2.976)/ 2 )
=0.626/2.339
=26.76 %

African Discovery Group's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Aug. 2023 )  (Q: Aug. 2022 )(Q: Aug. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Aug. 2023 )  (Q: Aug. 2022 )(Q: Aug. 2023 )
=0.268/( ( (0 - 0) + (0.798 - 0.359) )/ 1 )
=0.268/( ( 0 + 0.439 )/ 1 )
=0.268/0.439
=61.05 %

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

* 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.

African Discovery Group  (OTCPK:AFDG) 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.

African Discovery Group ROCE % Related Terms

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African Discovery Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
445 Park Avenue, Ninth Floor, New York, NY, USA, 10022
Website
https://www.africandiscoverygroup.com
African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals and finance sectors on the African continent.