Select Harvests (ASX:SHV) ROCE % : 2.89% (As of Sep. 2024)

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What is Select Harvests 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. Select Harvests's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.89%.

Select Harvests ROCE % Historical Data

The historical data trend for Select Harvests'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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Select Harvests ROCE % Chart

Select Harvests Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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6.33

4.02

1.34

-17.50

1.99

Select Harvests Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															1.11	-31.26	-4.01	0.98	2.89

Select Harvests ROCE % Calculation

Select Harvests's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	16.257	/	( ( (913.25 - 110.727)	+	(1010.068 - 178.741) )	/ 2 )
	=	16.257	/	( (802.523	+	831.327)	/ 2 )
	=	16.257	/	816.925
	=	1.99 %

Select Harvests's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	24.382	/	( ( (1022.11 - 164.124)	+	(1010.068 - 178.741) )	/ 2 )
	=	24.382	/	( ( 857.986	+	831.327 )	/ 2 )
	=	24.382	/	844.6565
	=	2.89 %

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

Select Harvests (ASX:SHV) 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.

Select Harvests ROCE % Related Terms

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Select Harvests Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Select Harvests Ltd (ASX:SHV) » Definitions » ROCE %

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SHVTF:USA

Address

570-588 Swan Street, L3, Building 7, Botanicca Corporate Park, Richmond, VIC, AUS, VIC 3121

Website

https://www.selectharvests.com.au

Select Harvests Ltd engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates the Food Division and Almond Division. The Food division accounts for the majority of revenue processes, markets, and distributes edible nuts, dried fruits, seeds, and a range of natural health foods. The Almond Division grows, processes, and sells almonds to the food industry from company-owned almond orchards, and provides a range of management services to external owners of almond orchards, including orchard development, tree supply, farm management, land and irrigation infrastructure rental, and the sale of almonds on behalf of external investors.