Agronomics (LSE:ANIC) ROCE % : -0.27% (As of Dec. 2023)

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What is Agronomics 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. Agronomics's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.27%.

Agronomics ROCE % Historical Data

The historical data trend for Agronomics'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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Agronomics ROCE % Chart

Agronomics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-13.47

-6.86

-15.79

1.23

15.74

Agronomics 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															-1.38	3.32	24.18	7.30	-0.27

Agronomics ROCE % Calculation

Agronomics'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 )
	=	24.565	/	( ( (146.398 - 2.485)	+	(170.203 - 1.946) )	/ 2 )
	=	24.565	/	( (143.913	+	168.257)	/ 2 )
	=	24.565	/	156.085
	=	15.74 %

Agronomics'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 )
	=	-0.446	/	( ( (170.203 - 1.946)	+	(168.029 - 0.203) )	/ 2 )
	=	-0.446	/	( ( 168.257	+	167.826 )	/ 2 )
	=	-0.446	/	168.0415
	=	-0.27 %

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

Agronomics (LSE:ANIC) 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.

Agronomics ROCE % Related Terms

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Agronomics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Agronomics Ltd (LSE:ANIC) » Definitions » ROCE %

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AGNMF:USA ANIC.GB:UK V77:Germany

Address

1st Floor, Viking House, St Paul’s Square, Ramsey, IMN, IM8 1GB

Website

https://www.agronomics.im

Agronomics Ltd is an Isle of Man-based investment firm. The company principally invests in the nascent industry of modern foods, which are environmentally friendly alternatives to the traditional production of meat and plant-based sources of nutrition.

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