Australian Dairy Nutritionals (ASX:AHF) ROCE % : -16.66% (As of Dec. 2023)

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What is Australian Dairy Nutritionals 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. Australian Dairy Nutritionals's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.66%.

Australian Dairy Nutritionals ROCE % Historical Data

The historical data trend for Australian Dairy Nutritionals'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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Australian Dairy Nutritionals ROCE % Chart

Australian Dairy Nutritionals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-8.94

-17.64

-18.94

-10.85

-18.49

Australian Dairy Nutritionals 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															0.80	-20.48	0.34	-39.85	-16.66

Australian Dairy Nutritionals ROCE % Calculation

Australian Dairy Nutritionals'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 )
	=	-6.882	/	( ( (44.603 - 4.213)	+	(36.24 - 2.2) )	/ 2 )
	=	-6.882	/	( (40.39	+	34.04)	/ 2 )
	=	-6.882	/	37.215
	=	-18.49 %

Australian Dairy Nutritionals'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 )
	=	-5.476	/	( ( (36.24 - 2.2)	+	(34.091 - 2.405) )	/ 2 )
	=	-5.476	/	( ( 34.04	+	31.686 )	/ 2 )
	=	-5.476	/	32.863
	=	-16.66 %

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

Australian Dairy Nutritionals (ASX:AHF) 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.

Australian Dairy Nutritionals ROCE % Related Terms

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Australian Dairy Nutritionals (ASX:AHF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Australian Dairy Nutritionals Ltd (ASX:AHF) » Definitions » ROCE %

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Address

160 Depot Road, Camperdown, Sydney, VIC, AUS, 3260

Website

https://www.adfl.com.au

Australian Dairy Nutritionals Ltd is a vertically integrated dairy producer in Australia. The company's operating segment includes Nutritional Powders and Dairy Processing. It generates maximum revenue from the Dairy Processing segment. Dairy Processing segment includes the processing and sale of dairy products to domestic markets. The Dairy Farms segment includes the ownership and operation of dairy farms and dairy livestock for the production and sale of fresh raw milk for conversion to milk and milk products. Its product portfolio includes Milk; Yoghurt; Butter and Stockist. Geographically, it derives a majority of its revenue from Australia.

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