Everest Global (LSE:EVST) ROCE % : -207.02% (As of Oct. 2023)

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What is Everest Global 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. Everest Global's annualized ROCE % for the quarter that ended in Oct. 2023 was -207.02%.

Everest Global ROCE % Historical Data

The historical data trend for Everest Global'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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Everest Global ROCE % Chart

Everest Global Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-19.84

-171.82

-130.67

-716.39

-84.84

Everest Global Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial														-50.98	-5.19	-1,131.17	78.76	-207.02

Everest Global ROCE % Calculation

Everest Global's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.697	/	( ( (1.655 - 0.725)	+	(1.943 - 1.23) )	/ 2 )
	=	-0.697	/	( (0.93	+	0.713)	/ 2 )
	=	-0.697	/	0.8215
	=	-84.84 %

Everest Global's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	-2.388	/	( ( (2.344 - 0.75)	+	(1.943 - 1.23) )	/ 2 )
	=	-2.388	/	( ( 1.594	+	0.713 )	/ 2 )
	=	-2.388	/	1.1535
	=	-207.02 %

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

Everest Global (LSE:EVST) 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.

Everest Global ROCE % Related Terms

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Everest Global (LSE:EVST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Everest Global PLC (LSE:EVST) » Definitions » ROCE %

Comparable Companies

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AAAP.GB:UK

Address

48 Chancery Lane, London, GBR, WC2A 1JF

Website

https://www.everestglobalplc.com

Everest Global PLC is engaged in investing and trading in the agriculture sector in Africa. The company is involved in the manufacturing of herbs & spices, production of guar beans, and trading in agricultural products. There is currently only one geographic reporting and revenue-generating segment for the company, which is South Africa.

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