CAFCA (XZIM:CAFCA.ZW) ROCE % : 284.01% (As of Sep. 2023)

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What is CAFCA 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. CAFCA's annualized ROCE % for the quarter that ended in Sep. 2023 was 284.01%.

CAFCA ROCE % Historical Data

The historical data trend for CAFCA'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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CAFCA ROCE % Chart

CAFCA Annual Data

Trend

Dec09

Sep11

Sep12

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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95.87

50.58

21.90

87.09

126.78

CAFCA Semi-Annual Data
	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial							30.26	56.95	176.92	51.06	284.01

CAFCA ROCE % Calculation

CAFCA's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	66307.502	/	( ( (45484.055 - 13421.018)	+	(99569.736 - 27033.282) )	/ 2 )
	=	66307.502	/	( (32063.037	+	72536.454)	/ 2 )
	=	66307.502	/	52299.7455
	=	126.78 %

CAFCA's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	121164.216	/	( ( (15150.621 - 2362.486)	+	(99569.736 - 27033.282) )	/ 2 )
	=	121164.216	/	( ( 12788.135	+	72536.454 )	/ 2 )
	=	121164.216	/	42662.2945
	=	284.01 %

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

CAFCA (XZIM:CAFCA.ZW) 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.

CAFCA ROCE % Related Terms

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CAFCA (XZIM:CAFCA.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CAFCA Ltd (XZIM:CAFCA.ZW) » Definitions » ROCE %

Comparable Companies

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CAC:South Africa

Address

54 Lytton Road, P.O. Box 1651, Workington, Harare, ZWE

Website

https://www.cafca.co.zw

CAFCA Ltd manufactures and supplies cables for transmission and distribution of energy and information. It offers a toll manufacturing option to customers who can access key raw materials like copper and aluminum. The company's product offering includes Power Cables, Cat Cables, Telecommunications cables, Aluminium Cables, and Copper Cables. Geographically, it derives a majority of revenue from Zimbabwe.

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