Astral Foods (JSE:ARL) ROCE % : 21.57% (As of Sep. 2024)

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What is Astral Foods 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. Astral Foods's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.57%.

Astral Foods ROCE % Historical Data

The historical data trend for Astral Foods'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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Astral Foods ROCE % Chart

Astral Foods Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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17.20

13.73

26.26

-10.95

22.12

Astral Foods Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															23.37	3.57	-26.33	22.64	21.57

Astral Foods ROCE % Calculation

Astral Foods's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	1164.138	/	( ( (9110.719 - 4286.133)	+	(9097.786 - 3395.26) )	/ 2 )
	=	1164.138	/	( (4824.586	+	5702.526)	/ 2 )
	=	1164.138	/	5263.556
	=	22.12 %

Astral Foods's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	1184.476	/	( ( (8794.827 - 3515.862)	+	(9097.786 - 3395.26) )	/ 2 )
	=	1184.476	/	( ( 5278.965	+	5702.526 )	/ 2 )
	=	1184.476	/	5490.7455
	=	21.57 %

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

Astral Foods (JSE:ARL) 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.

Astral Foods ROCE % Related Terms

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Astral Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Astral Foods Ltd (JSE:ARL) » Definitions » ROCE %

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A9U:Germany

Address

13 Thunderbolt Lane, Lanseria Corporate Estate, Lanseria Ext 26, Lanseria, GT, ZAF, 1748

Website

https://www.astralfoods.com

Astral Foods Ltd is an integrated poultry producer operating under several brands. It supplies different poultry needs in Africa. The activities are divided into two operating segments. The poultry segment comprises the sale of poultry-related products for human consumption as well as day-old broilers, hatching eggs and day-old parent stock. The Feed segment comprises the sale of a wide range of specialized feed products for commercially farmed animal species. The majority of revenue is generated from the poultry segment. The company has multiple processing facilities to get the poultry to ready-to-eat form and manufacture vitamin and mineral feed additives.