RLF AgTech (ASX:RLF) ROCE % : -43.94% (As of Dec. 2023)

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What is RLF AgTech 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. RLF AgTech's annualized ROCE % for the quarter that ended in Dec. 2023 was -43.94%.

RLF AgTech ROCE % Historical Data

The historical data trend for RLF AgTech'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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RLF AgTech ROCE % Chart

RLF AgTech Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-15.55

-22.54

RLF AgTech Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-37.96	-6.10	-43.94

RLF AgTech ROCE % Calculation

RLF AgTech's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.306	/	( ( (18.399 - 1.641)	+	(17.64 - 5.064) )	/ 2 )
	=	-3.306	/	( (16.758	+	12.576)	/ 2 )
	=	-3.306	/	14.667
	=	-22.54 %

RLF AgTech'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-5.104	/	( ( (17.64 - 5.064)	+	(17.658 - 7) )	/ 2 )
	=	-5.104	/	( ( 12.576	+	10.658 )	/ 2 )
	=	-5.104	/	11.617
	=	-43.94 %

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

RLF AgTech (ASX:RLF) 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.

RLF AgTech ROCE % Related Terms

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RLF AgTech (ASX:RLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » RLF AgTech Ltd (ASX:RLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Dowd Street, Welshpool, Perth, WA, AUS, 6106

Website

https://www.rlfagtech.com

RLF AgTech Ltd is engaged in the manufacturing and sale of technology-based plant nutrition products. Its offerings include Seed Primers, Soil & Fertigation, and Foliar.

RLF AgTech (ASX:RLF) Headlines

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