Raubex Group (JSE:RBX) ROCE % : 23.43% (As of Feb. 2024)

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What is Raubex Group 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. Raubex Group's annualized ROCE % for the quarter that ended in Feb. 2024 was 23.43%.

Raubex Group ROCE % Historical Data

The historical data trend for Raubex Group'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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Raubex Group ROCE % Chart

Raubex Group Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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9.57

7.30

15.77

19.20

20.61

Raubex Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															16.71	17.16	21.74	17.67	23.43

Raubex Group ROCE % Calculation

Raubex Group's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	1650.897	/	( ( (11342.788 - 3998.317)	+	(13195.006 - 4520.502) )	/ 2 )
	=	1650.897	/	( (7344.471	+	8674.504)	/ 2 )
	=	1650.897	/	8009.4875
	=	20.61 %

Raubex Group's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	1949.444	/	( ( (12191.451 - 4228.893)	+	(13195.006 - 4520.502) )	/ 2 )
	=	1949.444	/	( ( 7962.558	+	8674.504 )	/ 2 )
	=	1949.444	/	8318.531
	=	23.43 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

Raubex Group (JSE:RBX) 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.

Raubex Group ROCE % Related Terms

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Raubex Group (JSE:RBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Raubex Group Ltd (JSE:RBX) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Kenneth Kaunda Road Extension, Noordstad, Cleveley, Bloemfontein, FS, ZAF, 9300

Website

https://www.raubex.com

Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The group consists of three divisions as follows: The materials division specializes in the supply of aggregates from commercial quarries and is a provider of materials handling and screening services to the mining industry. Roads and Earthworks Division specializes in road construction and earthworks as well as road surfacing and rehabilitation which includes the manufacturing and laying of asphalt, chip and spray, surface dressing, enrichments, and slurry seals. The infrastructure division specializes in disciplines outside the road construction sector, including energy, rail, and telecommunications.

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