Synlait Milk (NZSE:SML) ROCE % : 34.87% (As of Jan. 2025)

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What is Synlait Milk 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. Synlait Milk's annualized ROCE % for the quarter that ended in Jan. 2025 was 34.87%.

Synlait Milk ROCE % Historical Data

The historical data trend for Synlait Milk'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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Synlait Milk ROCE % Chart

Synlait Milk Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

ROCE %

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12.88

-1.60

4.85

2.52

Synlait Milk Semi-Annual Data
	Jan14	Jan15	Jan16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24	Jan25
ROCE %	Get a 7-Day Free Trial															3.70	-9.20	-91.01	-220.77	34.87

Synlait Milk ROCE % Calculation

Synlait Milk's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	7.617	/	( ( (1575.977 - 442.25)	+	(0 - 529.881) )	/ 2 )
	=	7.617	/	( (1133.727	+	-529.881)	/ 2 )
	=	7.617	/	301.923
	=	2.52 %

Synlait Milk's ROCE % of for the quarter that ended in Jan. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2025 )		(Q: Jul. 2024 )		(Q: Jan. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2025 )		(Q: Jul. 2024 )		(Q: Jan. 2025 )
	=	60.454	/	( ( (0 - 633.924)	+	(1673.708 - 693.074) )	/ 2 )
	=	60.454	/	( ( -633.924	+	980.634 )	/ 2 )
	=	60.454	/	173.355
	=	34.87 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2025) EBIT data.

Synlait Milk (NZSE:SML) 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.

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Synlait Milk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Synlait Milk Ltd (NZSE:SML) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SM1:Australia

Address

1028 Heslerton Road, RD13, Rakaia, STL, NZL, 7783

Website

https://www.synlait.com

Synlait Milk Ltd is a dairy processing company that benefits from a differentiated milk supply and operating environment in New Zealand. The business operates within one industry that includes the manufacture of milk powder and its related products, liquid milk, cheese, and butter. Its segment are Synlait and Dairyworks, out of which it derives maximum revenue from Synlait segment.

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