Hudaco Industries (JSE:HDC) ROCE % : 22.42% (As of Nov. 2023)

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What is Hudaco Industries 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. Hudaco Industries's annualized ROCE % for the quarter that ended in Nov. 2023 was 22.42%.

Hudaco Industries ROCE % Historical Data

The historical data trend for Hudaco Industries'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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Hudaco Industries ROCE % Chart

Hudaco Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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19.59

4.64

20.52

23.11

20.22

Hudaco Industries Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial															24.07	20.78	25.10	18.79	22.42

Hudaco Industries ROCE % Calculation

Hudaco Industries's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	952.231	/	( ( (5942.427 - 1606.937)	+	(6656.502 - 1574.095) )	/ 2 )
	=	952.231	/	( (4335.49	+	5082.407)	/ 2 )
	=	952.231	/	4708.9485
	=	20.22 %

Hudaco Industries's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	1074.462	/	( ( (6280 - 1779)	+	(6656.502 - 1574.095) )	/ 2 )
	=	1074.462	/	( ( 4501	+	5082.407 )	/ 2 )
	=	1074.462	/	4791.7035
	=	22.42 %

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

Hudaco Industries (JSE:HDC) 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.

Hudaco Industries ROCE % Related Terms

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Hudaco Industries (JSE:HDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hudaco Industries Ltd (JSE:HDC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Emerald Boulevard, Greenstone Hill, Building 9, 1st Floor, Greenstone Hill Office Park, Edenvale, GT, ZAF, 1609

Website

http://www.hudaco.co.za

Hudaco Industries Ltd is engaged in importing and distributing branded automotive, industrial and electrical consumable products. The company operates in two business segment such as Consumer-related product segment which includes power tools, security equipment, communication equipment, automotive and batteries, and Engineering consumables segment which consist of bearings, diesel engines and spares, and power transmission. It generates maximum revenue from Consumer-related product segment. Geographically, it derives a majority of revenue from South Africa.

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