Indofood Agri Resources (SGX:5JS) ROCE % : 11.06% (As of Dec. 2023)

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What is Indofood Agri Resources 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. Indofood Agri Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.06%.

Indofood Agri Resources ROCE % Historical Data

The historical data trend for Indofood Agri Resources'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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Indofood Agri Resources ROCE % Chart

Indofood Agri Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.06

5.34

10.38

9.43

7.60

Indofood Agri Resources 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															13.37	8.59	10.48	3.97	11.06

Indofood Agri Resources ROCE % Calculation

Indofood Agri Resources'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 )
	=	183.029	/	( ( (3288.283 - 849.276)	+	(3207.35 - 827.965) )	/ 2 )
	=	183.029	/	( (2439.007	+	2379.385)	/ 2 )
	=	183.029	/	2409.196
	=	7.60 %

Indofood Agri Resources'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 )
	=	271.022	/	( ( (3372.249 - 850.452)	+	(3207.35 - 827.965) )	/ 2 )
	=	271.022	/	( ( 2521.797	+	2379.385 )	/ 2 )
	=	271.022	/	2450.591
	=	11.06 %

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

Indofood Agri Resources (SGX:5JS) 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.

Indofood Agri Resources ROCE % Related Terms

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Indofood Agri Resources (SGX:5JS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Indofood Agri Resources Ltd (SGX:5JS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZVF:Germany

Address

8 Eu Tong Sen Street, No. 16-96/97 The Central, Singapore, SGP, 059818

Website

http://www.indofoodagri.com

Indofood Agri Resources Ltd is engaged in agribusiness. The principal activities of the firm include research and development, oil palm seed breeding, cultivation of oil palm plantations, production and refining of crude palm oil, sugarcane and industrial timber plantations and, marketing and selling end products. It operates through following segments: Plantations, Edible Oils and Fats and others segment. The Plantations segment develops and maintains oil palm, rubber and sugar cane plantations, and other business activities relating to palm oil, rubber and sugar cane processing, marketing, and selling. The Edible Oils and Fats segment which generates majority revenue produces, markets, and sells edible oil, margarine, shortening, and other related products and its derivative products.

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