African And Overseas Enterprises (JSE:AOVP) ROCE % : 12.95% (As of Dec. 2023)

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What is African And Overseas Enterprises 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. African And Overseas Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.95%.

African And Overseas Enterprises ROCE % Historical Data

The historical data trend for African And Overseas Enterprises'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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African And Overseas Enterprises ROCE % Chart

African And Overseas Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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14.11

-11.08

11.52

17.58

21.58

African And Overseas Enterprises Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															18.03	17.95	27.99	15.03	12.95

African And Overseas Enterprises ROCE % Calculation

African And Overseas Enterprises's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	167.521	/	( ( (822.653 - 175.086)	+	(1090.737 - 185.829) )	/ 2 )
	=	167.521	/	( (647.567	+	904.908)	/ 2 )
	=	167.521	/	776.2375
	=	21.58 %

African And Overseas Enterprises's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	119.994	/	( ( (1090.737 - 185.829)	+	(1111.24 - 162.762) )	/ 2 )
	=	119.994	/	( ( 904.908	+	948.478 )	/ 2 )
	=	119.994	/	926.693
	=	12.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

African And Overseas Enterprises (JSE:AOVP) 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.

African And Overseas Enterprises ROCE % Related Terms

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African And Overseas Enterprises (JSE:AOVP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » African And Overseas Enterprises Ltd (JSE:AOVP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AON:South Africa

Address

263 Victoria Road, Rex Trueform Office Park, Salt River,, Cape Town, WC, ZAF, 7925

Website

https://www.rextrueform.com

African And Overseas Enterprises Ltd is an investment holding company. The company operates in five segments: Retail division comprises the retailing of fashion apparel through Queenspark stores in South Africa. Property division comprises of the group's property portfolio based in Cape Town which includes both investment and owner-occupied properties.; Water infrastructure segment comprises an indirect investment made in a private water and wastewater utility group operating in the South African provinces of Mpumalanga and KwaZulu-Natal, Media and broadcasting comprises the provision of media and satellite equipment and services through Telemedia, and the Group Services division manages the corporate responsibility and includes corporate costs. The Retail Segment derives maximum revenue.

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