Santova (JSE:SNV) ROCE % : 16.80% (As of Feb. 2024)

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What is Santova 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. Santova's annualized ROCE % for the quarter that ended in Feb. 2024 was 16.80%.

Santova ROCE % Historical Data

The historical data trend for Santova'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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Santova ROCE % Chart

Santova Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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15.17

15.06

31.00

30.77

18.67

Santova 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															36.40	34.22	28.86	20.26	16.80

Santova ROCE % Calculation

Santova'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 )
	=	208.382	/	( ( (1799.969 - 751.835)	+	(1787.21 - 602.755) )	/ 2 )
	=	208.382	/	( (1048.134	+	1184.455)	/ 2 )
	=	208.382	/	1116.2945
	=	18.67 %

Santova'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 )
	=	195.202	/	( ( (1717.783 - 578.682)	+	(1787.21 - 602.755) )	/ 2 )
	=	195.202	/	( ( 1139.101	+	1184.455 )	/ 2 )
	=	195.202	/	1161.778
	=	16.80 %

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

Santova (JSE:SNV) 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.

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Santova (JSE:SNV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Santova Ltd (JSE:SNV) » Definitions » ROCE %

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Address

Level 3 West, 1 Ncondo Place, Umhlanga Ridge, Umhlanga, NL, ZAF, 4319

Website

https://www.santova.com

Santova Ltd is a South African firm engaged in the international trade solutions business. Its core services are Supply chain solutions, business intelligence, logistic services, Client Sourcing, Procurement Management Services, Express sensitive services, and financial services. The company operates in three segments, namely Logistics services segment is into the coordination and control over the forward and reverse movement of client's goods across the entire supply chain from source to destination; Financial services comprise insurance and related services and the Head office segment provides support services to all group's business unit. Most of its revenue is earned through the Logistics segment. Its geographical segments include Africa, Asia Pacific, the United Kingdom, and Europe.