BridgeFort Capital (XZIM:BFCA.ZW) ROCE % : -5.14% (As of Dec. 2021)

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What is BridgeFort Capital 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. BridgeFort Capital's annualized ROCE % for the quarter that ended in Dec. 2021 was -5.14%.

BridgeFort Capital ROCE % Historical Data

The historical data trend for BridgeFort Capital'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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BridgeFort Capital ROCE % Chart

BridgeFort Capital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

ROCE %

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-111.97

391.47

115.38

-0.27

-173.56

BridgeFort Capital Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Jun20	Dec20	Jun21	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial				-540.81	118.43	22.02	-5.14	-

BridgeFort Capital ROCE % Calculation

BridgeFort Capital's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1521.567	/	( ( (1643.189 - 5.73)	+	(131.609 - 15.719) )	/ 2 )
	=	-1521.567	/	( (1637.459	+	115.89)	/ 2 )
	=	-1521.567	/	876.6745
	=	-173.56 %

BridgeFort Capital's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	-46.25	/	( ( (456.91 - 296.045)	+	(1643.189 - 5.73) )	/ 2 )
	=	-46.25	/	( ( 160.865	+	1637.459 )	/ 2 )
	=	-46.25	/	899.162
	=	-5.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

BridgeFort Capital (XZIM:BFCA.ZW) 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.

BridgeFort Capital ROCE % Related Terms

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BridgeFort Capital (XZIM:BFCA.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » BridgeFort Capital Ltd (XZIM:BFCA.ZW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Bernard Avenue, Rolf Valley, Harare, ZWE

Website

https://bridgefortcapital.com

BridgeFort Capital Ltd is a Zimbabwe-based company engaged in the healthcare sector. The company manufactures, markets, and distributes health, hygiene, beauty, and pharmaceutical products. In addition, the group also manufactures and distributes petroleum jelly and glycerine. The group's operating segments are Fast Moving Consumer Goods (FMCG), Medical, and Manufacturing, of which the majority of the revenue is derived from the FMCG segment. The FMCG segment distributes products manufactured by the Manufacturing segment and also trades in other personal care products, toiletries, and other fast-moving consumer goods.

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