RCL Foods (JSE:RCL) ROCE % : 17.60% (As of Dec. 2023)

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What is RCL 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. RCL Foods's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.60%.

RCL Foods ROCE % Historical Data

The historical data trend for RCL 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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RCL Foods ROCE % Chart

RCL Foods Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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0.77

-4.69

10.97

10.23

7.40

RCL Foods 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															12.68	7.72	10.12	4.86	17.60

RCL Foods ROCE % Calculation

RCL Foods'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 )
	=	1052.491	/	( ( (23975.294 - 9156.294)	+	(25301.361 - 11686.415) )	/ 2 )
	=	1052.491	/	( (14819	+	13614.946)	/ 2 )
	=	1052.491	/	14216.973
	=	7.40 %

RCL Foods'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 )
	=	2468.51	/	( ( (25301.361 - 11686.415)	+	(23106.961 - 8673.356) )	/ 2 )
	=	2468.51	/	( ( 13614.946	+	14433.605 )	/ 2 )
	=	2468.51	/	14024.2755
	=	17.60 %

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

RCL Foods (JSE:RCL) 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.

RCL Foods ROCE % Related Terms

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RCL Foods (JSE:RCL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ten The Boulevard, Westway Office Park, Westville, NL, ZAF, 3629

Website

https://www.rclfoods.com

RCL Foods Ltd is a leading African food producer with operations across South Africa, Swaziland, Namibia, Botswana, and Zambia. RCL Foods operates through the below segments, Groceries segment: Engaged in Culinary (includes Mayonnaise, Peanut Butter, Rusks etc.) and Pet Food and Beverages operations; Baking segment: Includes the Milling, Speciality, Pies, Sunbake and Sunshine bakeries and Buns and Rolls; Sugar segment: Includes Sugar and molasses-based feed (Molatek) operations; Rainbow segment includes the chicken business, grain-based feed (Epol and Driehoek) and Waste-to-Value operations. The company generates the majority of its revenue from the Rainbow segment.