Bega Cheese (ASX:BGA) ROCE % : 5.82% (As of Dec. 2023)

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What is Bega Cheese 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. Bega Cheese's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.82%.

Bega Cheese ROCE % Historical Data

The historical data trend for Bega Cheese'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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Bega Cheese ROCE % Chart

Bega Cheese Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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3.72

3.63

7.24

2.38

-14.74

Bega Cheese 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															4.70	-0.03	2.28	-31.28	5.82

Bega Cheese ROCE % Calculation

Bega Cheese'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 )
	=	-237.9	/	( ( (2358.8 - 606)	+	(2153.1 - 678.6) )	/ 2 )
	=	-237.9	/	( (1752.8	+	1474.5)	/ 2 )
	=	-237.9	/	1613.65
	=	-14.74 %

Bega Cheese'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 )
	=	87.8	/	( ( (2153.1 - 678.6)	+	(2232.9 - 692.1) )	/ 2 )
	=	87.8	/	( ( 1474.5	+	1540.8 )	/ 2 )
	=	87.8	/	1507.65
	=	5.82 %

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

Bega Cheese (ASX:BGA) 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.

Bega Cheese ROCE % Related Terms

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Bega Cheese (ASX:BGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bega Cheese Ltd (ASX:BGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

B6G:Germany

Address

23 Ridge Street, Bega, NSW, AUS, 2550

Website

https://www.begacheese.com.au

Bega Group is an Australia-based dairy processor and food manufacturer of well-known brands including Bega Cheese and Vegemite. Bega operates two segments: the branded segment which produces consumer packaged goods primarily sold through the supermarket and foodservice channels and the bulk segment which produces commodity dairy ingredients primarily sold through the business-to-business channel.

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