Iofina (AQSE:IOF.GB) ROCE % : 4.90% (As of Jun. 2024)

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What is Iofina 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. Iofina's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.90%.

Iofina ROCE % Historical Data

The historical data trend for Iofina'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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Iofina ROCE % Chart

Iofina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.71

9.27

16.03

26.66

18.31

Iofina Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															15.16	37.24	21.14	15.85	4.90

Iofina ROCE % Calculation

Iofina'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 )
	=	6.826	/	( ( (43.272 - 7.445)	+	(47.812 - 9.087) )	/ 2 )
	=	6.826	/	( (35.827	+	38.725)	/ 2 )
	=	6.826	/	37.276
	=	18.31 %

Iofina's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	1.892	/	( ( (47.812 - 9.087)	+	(47.084 - 8.552) )	/ 2 )
	=	1.892	/	( ( 38.725	+	38.532 )	/ 2 )
	=	1.892	/	38.6285
	=	4.90 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Iofina (AQSE:IOF.GB) 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.

Iofina ROCE % Related Terms

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Iofina Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Iofina PLC (AQSE:IOF.GB) » Definitions » ROCE %

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Traded in Other Exchanges

IOFNF:USA IOF:UK IF7:Germany

Address

48 Chancery Lane, London, GBR, WC2A 1JF

Website

https://www.iofina.com

Iofina PLC is a holding company engaged in the exploration and isolation of iodine and the production of specialty chemicals. The company's operating segment includes Halogen Derivatives & Iodine and Hemp seeds. Its geographical segments include the United States of America and the United Kingdom and it derives a majority of its revenue from the USA.

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