Allied Farmers (NZSE:ALF) ROCE % : 19.57% (As of Dec. 2023)

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What is Allied Farmers 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. Allied Farmers's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.57%.

Allied Farmers ROCE % Historical Data

The historical data trend for Allied Farmers'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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Allied Farmers ROCE % Chart

Allied Farmers Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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34.00

14.47

20.20

21.60

21.61

Allied Farmers Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															15.70	26.89	23.44	20.37	19.57

Allied Farmers ROCE % Calculation

Allied Farmers'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 )
	=	4.347	/	( ( (31.013 - 13.132)	+	(34.895 - 12.552) )	/ 2 )
	=	4.347	/	( (17.881	+	22.343)	/ 2 )
	=	4.347	/	20.112
	=	21.61 %

Allied Farmers'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 )
	=	4.508	/	( ( (34.895 - 12.552)	+	(30.865 - 7.148) )	/ 2 )
	=	4.508	/	( ( 22.343	+	23.717 )	/ 2 )
	=	4.508	/	23.03
	=	19.57 %

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

Allied Farmers (NZSE:ALF) 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.

Allied Farmers ROCE % Related Terms

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Allied Farmers (NZSE:ALF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Allied Farmers Ltd (NZSE:ALF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Broadway, Stratford, NTL, NZL, 4332

Website

https://www.alliedfarmers.co.nz

Allied Farmers Ltd is engaged in the trading of dairy herds and sourcing and promoting dairy, beef, and sheep livestock for sale. The company's operating segment include Livestock Services, Financial Services, Rural Land Management and Parent Operations. It generates maximum revenue from the Livestock Services segment which involves an agency business facilitating livestock transactions and the procurement and export of veal.

Allied Farmers (NZSE:ALF) Headlines

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