Orica (OCLDY) ROCE % : 10.90% (As of Sep. 2024)

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What is Orica 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. Orica's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.90%.

Orica ROCE % Historical Data

The historical data trend for Orica'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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Orica ROCE % Chart

Orica Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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8.35

-0.79

6.02

8.06

13.38

Orica Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															9.10	7.70	8.25	15.04	10.90

Orica ROCE % Calculation

Orica's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	631.55	/	( ( (5634.447 - 1259.512)	+	(6498.51 - 1436.019) )	/ 2 )
	=	631.55	/	( (4374.935	+	5062.491)	/ 2 )
	=	631.55	/	4718.713
	=	13.38 %

Orica's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	543.128	/	( ( (6116.197 - 1216.656)	+	(6498.51 - 1436.019) )	/ 2 )
	=	543.128	/	( ( 4899.541	+	5062.491 )	/ 2 )
	=	543.128	/	4981.016
	=	10.90 %

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

Orica (OTCPK:OCLDY) 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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Orica Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Orica Ltd (OTCPK:OCLDY) » Definitions » ROCE %

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Traded in Other Exchanges

OCLDF:USA ICA:Germany ORI:Australia

Address

1 Nicholson Street, Level 3, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.orica.com

Orica Ltd is an Australia-based mining and infrastructure solutions provider. The Company is engaged in the production and supply of explosives, blasting systems, mining chemicals and geotechnical monitoring to its cutting-edge digital solutions. Company is focused on three key business segments: Blasting Solutions, Specialty Mining Chemicals and Digital Solutions. Geographically it is diversed in Australia, Canada, Peru, America and others having its key revenue from Australia.