South Port New Zealand (NZSE:SPN) ROCE % : 13.02% (As of Dec. 2023)

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What is South Port New Zealand 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. South Port New Zealand's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.02%.

South Port New Zealand ROCE % Historical Data

The historical data trend for South Port New Zealand'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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South Port New Zealand ROCE % Chart

South Port New Zealand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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29.33

27.15

27.12

25.86

21.90

South Port New Zealand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															26.21	23.77	18.52	23.21	13.02

South Port New Zealand ROCE % Calculation

South Port New Zealand'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 )
	=	18.219	/	( ( (88.136 - 6.952)	+	(97.906 - 12.682) )	/ 2 )
	=	18.219	/	( (81.184	+	85.224)	/ 2 )
	=	18.219	/	83.204
	=	21.90 %

South Port New Zealand'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 )
	=	12.164	/	( ( (97.906 - 12.682)	+	(106.641 - 5.029) )	/ 2 )
	=	12.164	/	( ( 85.224	+	101.612 )	/ 2 )
	=	12.164	/	93.418
	=	13.02 %

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

South Port New Zealand (NZSE:SPN) 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.

South Port New Zealand ROCE % Related Terms

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South Port New Zealand (NZSE:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » South Port New Zealand Ltd (NZSE:SPN) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Island Harbour, 251 Foreshore Road, P.O. Box 1, Bluff, STL, NZL, 9842

Website

https://www.southport.co.nz

South Port New Zealand Ltd is primarily engaged in the commercial operation of the Port of Bluff. The group provides a suite of marine services including pilotage, towage, and berthage; cargo facilities servicing bulk, break bulk, container and project cargo; and warehousing including both cold and dry storage. Geographically, it operates only in New Zealand. The company generates the majority of its revenue from Cargo and logistics services.

South Port New Zealand (NZSE:SPN) Headlines

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