Afrimat (JSE:AFT) ROCE % : 20.99% (As of Aug. 2024)

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What is Afrimat 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. Afrimat's annualized ROCE % for the quarter that ended in Aug. 2024 was 20.99%.

Afrimat ROCE % Historical Data

The historical data trend for Afrimat'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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Afrimat ROCE % Chart

Afrimat Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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29.09

38.43

30.57

22.77

23.06

Afrimat 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															24.59	19.64	22.70	23.48	20.99

Afrimat ROCE % Calculation

Afrimat'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 )
	=	1168.408	/	( ( (5682.336 - 984.879)	+	(6748.527 - 1312.208) )	/ 2 )
	=	1168.408	/	( (4697.457	+	5436.319)	/ 2 )
	=	1168.408	/	5066.888
	=	23.06 %

Afrimat'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 )
	=	1152.894	/	( ( (6748.527 - 1312.208)	+	(9808.659 - 4261.931) )	/ 2 )
	=	1152.894	/	( ( 5436.319	+	5546.728 )	/ 2 )
	=	1152.894	/	5491.5235
	=	20.99 %

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

Afrimat (JSE:AFT) 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.

Afrimat ROCE % Related Terms

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Afrimat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Afrimat Ltd (JSE:AFT) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Corner Willie van Schoor Avenue and Old Oak Road, Tyger Valley Office Park No. 2, Tyger Valley, Bellville, WC, ZAF, 7530

Website

https://www.afrimat.co.za

Afrimat Ltd is a South Africa-based company. It operates in Five segments: Construction Materials, which comprises aggregates, concrete-based products, and contracting operations; Industrial Minerals segment consists mainly of the sale of limestone, dolomite, and industrial sand; Bulk Commodities segment includes iron ore and anthracite; Services segment consists of Group shared services including IT services, consulting services, and Future Materials, and Metalsetc comprises phosphate. The phosphates are graded according to high, medium, or low. It operates in a single geographical segment, which is the African region.