Agriterra (LSE:AGTA) ROCE % : -8.49% (As of Sep. 2023)

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What is Agriterra 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. Agriterra's annualized ROCE % for the quarter that ended in Sep. 2023 was -8.49%.

Agriterra ROCE % Historical Data

The historical data trend for Agriterra'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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Agriterra ROCE % Chart

Agriterra Annual Data

Trend

May13

May14

May15

May16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-26.45

-35.10

-7.90

-3.91

-3.80

Agriterra Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-4.36	-3.08	-4.39	-2.86	-8.49

Agriterra ROCE % Calculation

Agriterra's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.638	/	( ( (21.78 - 7.415)	+	(21.95 - 2.739) )	/ 2 )
	=	-0.638	/	( (14.365	+	19.211)	/ 2 )
	=	-0.638	/	16.788
	=	-3.80 %

Agriterra's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-1.694	/	( ( (21.95 - 2.739)	+	(23.255 - 2.539) )	/ 2 )
	=	-1.694	/	( ( 19.211	+	20.716 )	/ 2 )
	=	-1.694	/	19.9635
	=	-8.49 %

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

Agriterra (LSE:AGTA) 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.

Agriterra ROCE % Related Terms

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Agriterra (LSE:AGTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Agriterra Ltd (LSE:AGTA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AGTA.GB:UK

Address

Talhão AF-28 Bairro Tembwe, E.N.6, Manica Province, Chimoio, MOZ

Website

http://www.agriterra-ltd.com

Agriterra Ltd is engaged in investing, developing, and operating agricultural projects. It operates in two segments: Grain, which generates majority revenue, Snax; and Beef. The grain segment operates as maize purchasing and processing businesses. Its Beef segment is engaged in sourcing cattle from local farmers and then processes them through its feedlot, abattoir operations, and retail units. Its Snax segment sources maize grits from DECA, processing them into flavoured puffs and naks. The majority of its revenue comes from the Mozambique market.

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