Spur (JSE:SUR) ROCE % : 32.42% (As of Jun. 2024)

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What is Spur 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. Spur's annualized ROCE % for the quarter that ended in Jun. 2024 was 32.42%.

Spur ROCE % Historical Data

The historical data trend for Spur'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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Spur ROCE % Chart

Spur Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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16.07

21.69

29.14

39.71

38.68

Spur Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															32.59	42.90	36.81	43.55	32.42

Spur ROCE % Calculation

Spur's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	347.883	/	( ( (1166.953 - 327.941)	+	(1387.906 - 428.185) )	/ 2 )
	=	347.883	/	( (839.012	+	959.721)	/ 2 )
	=	347.883	/	899.3665
	=	38.68 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	308.128	/	( ( (1417.777 - 476.605)	+	(1387.906 - 428.185) )	/ 2 )
	=	308.128	/	( ( 941.172	+	959.721 )	/ 2 )
	=	308.128	/	950.4465
	=	32.42 %

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

Spur (JSE:SUR) 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.

Spur ROCE % Related Terms

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Spur Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Spur Corp Ltd (JSE:SUR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Edison Way, Century Gate Business Park, Century City, Cape Town, WC, ZAF, 7441

Website

https://www.spurcorporation.com

Spur Corp Ltd is a South African multi-brand restaurant franchisor. The group operates as franchisor for the Spur Steak Ranches, Panarottis Pizza Pasta, John Dory's Fish Grill Sushi, The Hussar Grill, RocoMamas (including RocoGo), Casa Bella, Nikos, Doppio Zero and Piza e Vino brands. The company's segment includes South Africa and International segment. South Africa segment include: Franchise, Manufacturing and distribution, Retail company stores, Marketing and Other. International segment include Australasia, Rest of Africa and Middle East and Marketing. Key revenue is generated from South Africa segment.

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