Redox (ASX:RDX) ROCE % : 26.16% (As of Jun. 2024)

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What is Redox 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. Redox's annualized ROCE % for the quarter that ended in Jun. 2024 was 26.16%.

Redox ROCE % Historical Data

The historical data trend for Redox'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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Redox ROCE % Chart

Redox Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

28.27

30.67

38.24

32.61

27.06

Redox Semi-Annual Data
	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			40.48	27.36	32.71	24.58	26.16

Redox ROCE % Calculation

Redox's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	129.998	/	( ( (579.859 - 178.375)	+	(702.382 - 143.082) )	/ 2 )
	=	129.998	/	( (401.484	+	559.3)	/ 2 )
	=	129.998	/	480.392
	=	27.06 %

Redox'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 )
	=	144.046	/	( ( (681.903 - 139.963)	+	(702.382 - 143.082) )	/ 2 )
	=	144.046	/	( ( 541.94	+	559.3 )	/ 2 )
	=	144.046	/	550.62
	=	26.16 %

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

Redox (ASX:RDX) 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.

Redox ROCE % Related Terms

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Redox Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Redox Ltd (ASX:RDX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AE0:Germany

Address

2 Swettenham Road, Minto, Sydney, NSW, AUS, 2566

Website

https://www.redox.com

Redox Ltd is a global chemical, ingredient, and raw material distributor active in more than 1000 specialty and commodity products. The company scours the world and brings only quality materials to customers globally. Its markets include Food & Beverage, Personal Care, Human Health, Animal Health & Nutrition, Crop Production & Protection, Detergents, Water Treatment, Surface Coatings, Plastics & Foam, Rubber, Mining, Oil & Gas, etc.

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