Aveng (JSE:AEG) ROCE % : -8.31% (As of Dec. 2024)

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What is Aveng 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. Aveng's annualized ROCE % for the quarter that ended in Dec. 2024 was -8.31%.

Aveng ROCE % Historical Data

The historical data trend for Aveng'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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Aveng ROCE % Chart

Aveng Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-15.30

30.68

4.79

-18.91

8.09

Aveng Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															4.01	-42.27	5.74	10.55	-8.31

Aveng ROCE % Calculation

Aveng'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 )
	=	467.372	/	( ( (13696.637 - 8119.845)	+	(15451.454 - 9470.281) )	/ 2 )
	=	467.372	/	( (5576.792	+	5981.173)	/ 2 )
	=	467.372	/	5778.9825
	=	8.09 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-458.744	/	( ( (15451.454 - 9470.281)	+	(12453.622 - 7399.197) )	/ 2 )
	=	-458.744	/	( ( 5981.173	+	5054.425 )	/ 2 )
	=	-458.744	/	5517.799
	=	-8.31 %

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

Aveng (JSE:AEG) 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.

Aveng ROCE % Related Terms

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Aveng Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Aveng Ltd (JSE:AEG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UG8K:Germany UG8:Germany

Address

2 Merlin Rose Avenue, Parkhaven, Boksburg, GT, ZAF, 1459

Website

https://www.aveng.co.za

Aveng Ltd is in the construction and engineering business. It has the following segments; the Infrastructure segment comprises McConnell Dowell and is divided into Australia, New Zealand and Pacific Islands, and Southeast Asia; the Building segment comprises Built Environs, an infrastructure-led specialist with experience in sport, health and science, defence, education, residential, commercial, retail, industrial, and infrastructure sectors; the Mining segment comprises Moolmans, a tier-one contract mining business operating in Africa with a primary focus on open cast mining; and Aveng Legacy and the Aveng Corporate and eliminations segment. It generates the majority of its revenue from the Infrastructure segment.