African Rainbow Capital Investments (JSE:AIL) ROCE % : 9.54% (As of Dec. 2023)

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What is African Rainbow Capital Investments 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. African Rainbow Capital Investments's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.54%.

African Rainbow Capital Investments ROCE % Historical Data

The historical data trend for African Rainbow Capital Investments'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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African Rainbow Capital Investments ROCE % Chart

African Rainbow Capital Investments Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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2.72

1.23

8.42

11.24

14.79

African Rainbow Capital Investments Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									25.48	-3.07	2.01	27.59	9.54

African Rainbow Capital Investments ROCE % Calculation

African Rainbow Capital Investments'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 )
	=	2120	/	( ( (13278 - 2)	+	(15385 - 2) )	/ 2 )
	=	2120	/	( (13276	+	15383)	/ 2 )
	=	2120	/	14329.5
	=	14.79 %

African Rainbow Capital Investments'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1540	/	( ( (15385 - 2)	+	(16907 - 3) )	/ 2 )
	=	1540	/	( ( 15383	+	16904 )	/ 2 )
	=	1540	/	16143.5
	=	9.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

African Rainbow Capital Investments (JSE:AIL) 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.

African Rainbow Capital Investments ROCE % Related Terms

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African Rainbow Capital Investments (JSE:AIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » African Rainbow Capital Investments Ltd (JSE:AIL) » Definitions » ROCE %

Comparable Companies

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N/A

Address

35 Cybercity, Level 3, Alexander House, Ebene, MUS, 72201

Website

https://www.arci.mu

African Rainbow Capital Investments Ltd is an investment holding company. It offers shareholders long-term capital appreciation by indirectly investing in a diversified portfolio of unlisted and listed investments. The company invests in Telecommunications, Real Estate, Hospitality, Energy and Financial Services, and others.

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