Brikor (JSE:BIK) ROCE % : -4.14% (As of Feb. 2024)

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What is Brikor 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. Brikor's annualized ROCE % for the quarter that ended in Feb. 2024 was -4.14%.

Brikor ROCE % Historical Data

The historical data trend for Brikor'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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Brikor ROCE % Chart

Brikor Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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6.23

14.65

0.01

4.76

11.91

Brikor Semi-Annual Data
	Feb12	Aug12	Aug13	Feb15	Feb16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															-10.28	1.75	7.89	27.07	-4.14

Brikor ROCE % Calculation

Brikor'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 )
	=	22.77	/	( ( (314.935 - 124.144)	+	(317.863 - 126.292) )	/ 2 )
	=	22.77	/	( (190.791	+	191.571)	/ 2 )
	=	22.77	/	191.181
	=	11.91 %

Brikor's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	-8.234	/	( ( (322.972 - 116.491)	+	(317.863 - 126.292) )	/ 2 )
	=	-8.234	/	( ( 206.481	+	191.571 )	/ 2 )
	=	-8.234	/	199.026
	=	-4.14 %

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

Brikor (JSE:BIK) 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.

Brikor ROCE % Related Terms

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Brikor (JSE:BIK) Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

1 Marievale Road, Vorsterskroon, Nigel, GT, ZAF, 1490

Website

https://www.brikor.co.za

Brikor Ltd is a conglomerate company engaged in the manufacturing and supplying of bricks and mining of coal. The company operates in two segments which are Bricks, which include manufacturing and sales of bricks, and Coal which includes mining and sale of coal. The company earns the majority of its revenue from the Bricks segment.

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