Argentex Group (LSE:AGFX) ROCE % : -4.57% (As of Jun. 2024)

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What is Argentex Group 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. Argentex Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -4.57%.

Argentex Group ROCE % Historical Data

The historical data trend for Argentex Group'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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Argentex Group ROCE % Chart

Argentex Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

ROCE %

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37.33

62.24

23.46

26.60

16.33

Argentex Group Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								30.85	27.03	18.87	10.11	-4.57

Argentex Group ROCE % Calculation

Argentex Group'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: Mar. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Mar. 2022 )		(A: Dec. 2023 )
	=	8.1	/	( ( (97.3 - 55.8)	+	(111.5 - 53.8) )	/ 2 )
	=	8.1	/	( (41.5	+	57.7)	/ 2 )
	=	8.1	/	49.6
	=	16.33 %

Argentex Group'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 )
	=	-2.6	/	( ( (111.5 - 53.8)	+	(114.2 - 58) )	/ 2 )
	=	-2.6	/	( ( 57.7	+	56.2 )	/ 2 )
	=	-2.6	/	56.95
	=	-4.57 %

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

Argentex Group (LSE:AGFX) 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.

Argentex Group ROCE % Related Terms

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Argentex Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argentex Group PLC (LSE:AGFX) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

25 Argyll Street, London, GBR, W1F 7TU

Website

https://www.argentex.com

Argentex Group PLC is a United Kingdom-based foreign exchange service provider. It operates as a Riskless Principal broker for non-speculative, spot, and forward foreign exchange and structured financial derivative contracts. The company's client base includes institutions and corporates in a range of industries.

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