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AECI (JSE:AFEP.PFD) ROCE % : 9.24% (As of Jun. 2024)


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What is AECI 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. AECI's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.24%.


AECI ROCE % Historical Data

The historical data trend for AECI'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.

* Premium members only.

AECI ROCE % Chart

AECI Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.57 6.10 13.17 14.24 16.59

AECI Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.21 14.12 18.47 16.59 9.24

AECI ROCE % Calculation

AECI's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=2734/( ( (28426 - 14354) + (27942 - 9046) )/ 2 )
=2734/( (14072+18896)/ 2 )
=2734/16484
=16.59 %

AECI'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 )
=1742/( ( (27942 - 9046) + (27124 - 8329) )/ 2 )
=1742/( ( 18896 + 18795 )/ 2 )
=1742/18845.5
=9.24 %

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

* 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.


AECI  (JSE:AFEP.PFD) 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.


AECI ROCE % Related Terms

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AECI Business Description

Traded in Other Exchanges
Address
Woodlands Drive, 24 The Woodlands, First Floor, AECI Place, Woodmead, Sandton, Johannesburg, ZAF, 2191
AECI Ltd manufactures and sells chemicals in five segments based on product type. AECI Mining segment, which generates majority of the revenue, sells explosives and mining-based chemicals to metals, coal, and diamond miners. AECI Chemicals segment supplies chemical raw materials to manufacturing, infrastructure, and industrial businesses. AECI Water segment provides integrated water treatment solutions, process chemicals, and equipment solutions for a diverse range of applications. AECI Agri Health segment sells insecticides, herbicides, and fungicides to the agriculture industry. AECI Property Services & Corporate segment includes leasing and management in the office, industrial, and retail sectors.

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