Big River Industries (ASX:BRI) ROCE % : 13.83% (As of Dec. 2023)

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What is Big River Industries 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. Big River Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.83%.

Big River Industries ROCE % Historical Data

The historical data trend for Big River Industries'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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Big River Industries ROCE % Chart

Big River Industries Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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8.84

7.99

1.30

21.36

19.93

Big River Industries Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									18.44	22.97	23.44	16.09	13.83

Big River Industries ROCE % Calculation

Big River Industries'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 )
	=	35.582	/	( ( (261.241 - 90.278)	+	(275.597 - 89.553) )	/ 2 )
	=	35.582	/	( (170.963	+	186.044)	/ 2 )
	=	35.582	/	178.5035
	=	19.93 %

Big River Industries'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 )
	=	25.722	/	( ( (275.597 - 89.553)	+	(256.927 - 70.907) )	/ 2 )
	=	25.722	/	( ( 186.044	+	186.02 )	/ 2 )
	=	25.722	/	186.032
	=	13.83 %

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

Big River Industries (ASX:BRI) 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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Big River Industries (ASX:BRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Big River Industries Ltd (ASX:BRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BQ3:Germany

Address

Trenayr Road, Junction Hill, NSW, AUS, 2460

Website

https://www.bigrivergroup.com.au

Big River Industries Ltd is a manufacturer, distributor, and supplier of timber, builder's hardware, building supplies, and services for the residential, commercial, industrial, building and construction industries. The company's segment includes Panels and Construction. It generates maximum revenue from the Construction segment. The Construction division is comprised of fifteen sites which sell a building, commercial and formwork products in Australia. The panel segment is comprised of three manufacturing and six distribution sites of timber panel products in Australia and New Zealand. Geographically the company derives the majority of its revenue from Australia.

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