Advtech (JSE:ADH) ROCE % : 23.63% (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is Advtech 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. Advtech's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.63%.

Advtech ROCE % Historical Data

The historical data trend for Advtech'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.

* Premium members only.

Advtech ROCE % Chart

Advtech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.97

15.12

19.58

21.91

23.20

Advtech 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															20.21	20.71	23.20	22.95	23.63

Advtech ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1590.1	/	( ( (8927.6 - 2433.5)	+	(9470 - 2257.5) )	/ 2 )
	=	1590.1	/	( (6494.1	+	7212.5)	/ 2 )
	=	1590.1	/	6853.3
	=	23.20 %

Advtech'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 )
	=	1655.2	/	( ( (9127.3 - 2333.2)	+	(9470 - 2257.5) )	/ 2 )
	=	1655.2	/	( ( 6794.1	+	7212.5 )	/ 2 )
	=	1655.2	/	7003.3
	=	23.63 %

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

Advtech (JSE:ADH) 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.

Advtech ROCE % Related Terms

Thank you for viewing the detailed overview of Advtech's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Advtech (JSE:ADH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Advtech Ltd (JSE:ADH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

54 Wierda Road West, ADvTECH House, Inanda Greens Office Park, Building 7, Wierda Valley, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.advtech.co.za

Advtech Ltd is a South Africa-based company engaged in education and training services. The company has three primary business segments, Schools, Tertiary, and Resourcing. The Schools segment offers pre-primary, primary, and secondary educations services. The Tertiary segment provides diploma, degree, and post-graduate services. The Resourcing segment provides permanent, temporary, and contract staffing solutions. These staffing positions are in several areas such as information technology, network finance, accounting and finance, engineering, and advertising.

Advtech (JSE:ADH) Headlines

No Headlines