Choppies Enterprises (JSE:CHP) ROCE % : 34.30% (As of Dec. 2023)

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What is Choppies 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. Choppies Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.30%.

Choppies Enterprises ROCE % Historical Data

The historical data trend for Choppies 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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Choppies Enterprises ROCE % Chart

Choppies Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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8.93

34.88

35.77

36.59

31.86

Choppies 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															45.59	24.18	35.38	30.30	34.30

Choppies Enterprises ROCE % Calculation

Choppies 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 )
	=	378.771	/	( ( (2607.161 - 1530.29)	+	(3009.433 - 1708.617) )	/ 2 )
	=	378.771	/	( (1076.871	+	1300.816)	/ 2 )
	=	378.771	/	1188.8435
	=	31.86 %

Choppies 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 )
	=	500.42	/	( ( (3009.433 - 1708.617)	+	(3891.389 - 2274.009) )	/ 2 )
	=	500.42	/	( ( 1300.816	+	1617.38 )	/ 2 )
	=	500.42	/	1459.098
	=	34.30 %

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

Choppies Enterprises (JSE:CHP) 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.

Choppies Enterprises ROCE % Related Terms

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Choppies Enterprises (JSE:CHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Choppies Enterprises Ltd (JSE:CHP) » Definitions » ROCE %

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CHOPPIES:Botswana

Address

Plot 169, Gaborone International Commerce Park, Gaborone, BWA, 00278

Website

https://www.choppies.co.bw

Choppies Enterprises Ltd operates a supermarket chain store in Botswana. The company's supermarket store offers international food brands, fast-moving consumer goods products, and Choppies' private brand products. Its product offerings include groceries, fresh fruit and vegetables, bakery, butchery, takeaways, and value added/ financial services. The company segments consist of Botswana, Zambia, Zimbabwe, and Namibia. Majority of the revenue is derived from Botswana.

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