Brimstone Investment (JSE:BRT) ROCE % : 7.67% (As of Dec. 2023)

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What is Brimstone Investment 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. Brimstone Investment's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.67%.

Brimstone Investment ROCE % Historical Data

The historical data trend for Brimstone Investment'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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Brimstone Investment ROCE % Chart

Brimstone Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.05

5.07

12.17

6.05

7.10

Brimstone Investment 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															13.23	5.00	6.89	6.63	7.67

Brimstone Investment ROCE % Calculation

Brimstone Investment'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 )
	=	742.099	/	( ( (11655.588 - 1484.686)	+	(12255.704 - 1508.892) )	/ 2 )
	=	742.099	/	( (10170.902	+	10746.812)	/ 2 )
	=	742.099	/	10458.857
	=	7.10 %

Brimstone Investment'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 )
	=	806.096	/	( ( (12027.01 - 1754.745)	+	(12255.704 - 1508.892) )	/ 2 )
	=	806.096	/	( ( 10272.265	+	10746.812 )	/ 2 )
	=	806.096	/	10509.5385
	=	7.67 %

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

Brimstone Investment (JSE:BRT) 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.

Brimstone Investment ROCE % Related Terms

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Brimstone Investment (JSE:BRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Brimstone Investment Corp Ltd (JSE:BRT) » Definitions » ROCE %

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BRN:South Africa

Address

1st Floor, Slade House, Boundary Terraces, 1 Mariendahl Lane, Newlands, GT, ZAF, 7700

Website

https://www.brimstone.co.za

Brimstone Investment Corp Ltd is an investment holding company. The company primarily invests in various sectors, including food, financial services, healthcare, and infrastructure, among others. It is also supplementary engaged in deep-sea trawling of the groundfish species called Hake, processing of the catch into frozen and chilled seafood and the marketing of these products. The primary business segments of the Group are Food and Investments. It generates maximum revenue from the Food segment.