Southwest Iowa Renewable Energy LLC (Southwest Iowa Renewable Energy LLC) ROCE % : -13.26% (As of Mar. 2023)

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What is Southwest Iowa Renewable Energy LLC 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. Southwest Iowa Renewable Energy LLC's annualized ROCE % for the quarter that ended in Mar. 2023 was -13.26%.

Southwest Iowa Renewable Energy LLC ROCE % Historical Data

The historical data trend for Southwest Iowa Renewable Energy LLC'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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Southwest Iowa Renewable Energy LLC ROCE % Chart

Southwest Iowa Renewable Energy LLC Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

ROCE %

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-0.81

-6.17

0.46

8.37

44.63

Southwest Iowa Renewable Energy LLC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															40.54	29.65	14.51	3.22	-13.26

Southwest Iowa Renewable Energy LLC ROCE % Calculation

Southwest Iowa Renewable Energy LLC's annualized ROCE % for the fiscal year that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	59.28	/	( ( (156.426 - 25.192)	+	(160.386 - 25.986) )	/ 2 )
	=	59.28	/	( (131.234	+	134.4)	/ 2 )
	=	59.28	/	132.817
	=	44.63 %

Southwest Iowa Renewable Energy LLC's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-16.2	/	( ( (156.552 - 45.595)	+	(161.575 - 28.163) )	/ 2 )
	=	-16.2	/	( ( 110.957	+	133.412 )	/ 2 )
	=	-16.2	/	122.1845
	=	-13.26 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Southwest Iowa Renewable Energy LLC (GREY:SWIOU) 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.

Southwest Iowa Renewable Energy LLC ROCE % Related Terms

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Southwest Iowa Renewable Energy LLC (Southwest Iowa Renewable Energy LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Southwest Iowa Renewable Energy LLC (GREY:SWIOU) » Definitions » ROCE %

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Address

10868 189th Street, Council Bluffs, IA, USA, 51503

Website

http://www.sireethanol.com

Southwest Iowa Renewable Energy LLC is into manufacturing and selling ethanol, distillers grains, corn oil, and carbon dioxide in the continental United States. It also sells dried distillers grains with solubles in the continental United States, Mexico, and the Pacific Rim. Its products are marketed and distributed through professional third-party marketers.

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