Adcorp Holdings (JSE:ADR) ROCE % : 5.36% (As of Aug. 2024)

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What is Adcorp Holdings 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. Adcorp Holdings's annualized ROCE % for the quarter that ended in Aug. 2024 was 5.36%.

Adcorp Holdings ROCE % Historical Data

The historical data trend for Adcorp Holdings'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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Adcorp Holdings ROCE % Chart

Adcorp Holdings Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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-20.56

6.80

9.98

8.84

7.49

Adcorp Holdings Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
ROCE %	Get a 7-Day Free Trial															7.55	10.13	7.06	8.30	5.36

Adcorp Holdings ROCE % Calculation

Adcorp Holdings's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	139.867	/	( ( (3161.665 - 1238.052)	+	(3122.762 - 1313.612) )	/ 2 )
	=	139.867	/	( (1923.613	+	1809.15)	/ 2 )
	=	139.867	/	1866.3815
	=	7.49 %

Adcorp Holdings's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	95.89	/	( ( (3122.762 - 1313.612)	+	(3100.554 - 1333.54) )	/ 2 )
	=	95.89	/	( ( 1809.15	+	1767.014 )	/ 2 )
	=	95.89	/	1788.082
	=	5.36 %

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

Adcorp Holdings (JSE:ADR) 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.

Adcorp Holdings ROCE % Related Terms

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Adcorp Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adcorp Holdings Ltd (JSE:ADR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191

Website

https://www.adcorpgroup.com

Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Functional Outsourcing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.

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