Bell Equipment (JSE:BEL) ROCE % : 23.27% (As of Dec. 2023)

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What is Bell Equipment 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. Bell Equipment's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.27%.

Bell Equipment ROCE % Historical Data

The historical data trend for Bell Equipment'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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Bell Equipment ROCE % Chart

Bell Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.87

2.10

10.58

16.01

22.11

Bell Equipment 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															7.76	14.72	17.56	20.76	23.27

Bell Equipment ROCE % Calculation

Bell Equipment'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 )
	=	1276.916	/	( ( (8650.725 - 3414.835)	+	(10534.583 - 4218.875) )	/ 2 )
	=	1276.916	/	( (5235.89	+	6315.708)	/ 2 )
	=	1276.916	/	5775.799
	=	22.11 %

Bell Equipment'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 )
	=	1408.872	/	( ( (10080.01 - 4287.736)	+	(10534.583 - 4218.875) )	/ 2 )
	=	1408.872	/	( ( 5792.274	+	6315.708 )	/ 2 )
	=	1408.872	/	6053.991
	=	23.27 %

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

Bell Equipment (JSE:BEL) 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.

Bell Equipment ROCE % Related Terms

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Bell Equipment (JSE:BEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Bell Equipment Ltd (JSE:BEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BLLQF:USA B2K:Germany

Address

13 -19 Carbonode Cell Road, Alton, Richards Bay, ZAF, 3900

Website

https://www.bellequipment.com

Bell Equipment Ltd is engaged in the manufacturing and distribution of material handling machines in South Africa. Its products include articulated dump trucks, haulage tractors, tractor loader backhoes, front-end loaders, sugar cane, and timber-loading equipment and construction equipment such as graders, dozers, and excavators. It machine are used for mining, construction, forestry, sugar, and related industries. It operates through below operation Manufacturing, assembly, logistics, and dealer sales operations and Direct Sales operation.

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