Bioceres Crop Solutions (Bioceres Crop Solutions) ROCE % : 10.60% (As of Dec. 2023)

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What is Bioceres Crop Solutions 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. Bioceres Crop Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.60%.

Bioceres Crop Solutions ROCE % Historical Data

The historical data trend for Bioceres Crop Solutions'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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Bioceres Crop Solutions ROCE % Chart

Bioceres Crop Solutions Annual Data

Trend

Jan18

Jan19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-1.64

18.12

14.97

11.12

9.90

Bioceres Crop Solutions Quarterly Data
	Jan19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.46	21.72	-5.63	3.72	10.60

Bioceres Crop Solutions ROCE % Calculation

Bioceres Crop Solutions'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 )
	=	40.336	/	( ( (518.22 - 222.666)	+	(818.059 - 298.713) )	/ 2 )
	=	40.336	/	( (295.554	+	519.346)	/ 2 )
	=	40.336	/	407.45
	=	9.90 %

Bioceres Crop Solutions'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	53.552	/	( ( (819.698 - 311.704)	+	(819.523 - 316.807) )	/ 2 )
	=	53.552	/	( ( 507.994	+	502.716 )	/ 2 )
	=	53.552	/	505.355
	=	10.60 %

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

Bioceres Crop Solutions (NAS:BIOX) 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.

Bioceres Crop Solutions ROCE % Related Terms

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Bioceres Crop Solutions (Bioceres Crop Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Bioceres Crop Solutions Corp (NAS:BIOX) » Definitions » ROCE %

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0G4:Germany 0G4:Germany

Address

Ocampo 210 Bis, Predio CCT, Province of Santa Fe, Rosario, ARG, 2000

Website

https://www.biocerescrops.com

Bioceres Crop Solutions Corp is a fully-integrated provider of crop productivity solutions, including seeds, seed traits, seed treatments, biologicals, high-value adjuvants and fertilizers. The company has developed a multi-discipline and multi-product platform capable of providing solutions throughout the entire crop cycle, from pre-planting to transportation and storage. The business divisions consist of crop protection, seed and integrated products, and crop nutrition. The company derives majority of its revenue from the crop protection division. Its product includes fertilizers, inoculants, adjuvants, crop protection solutions and seeds.