JB Foods (SGX:BEW) ROCE % : 0.62% (As of Dec. 2023)

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What is JB Foods 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. JB Foods's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.62%.

JB Foods ROCE % Historical Data

The historical data trend for JB Foods'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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JB Foods ROCE % Chart

JB Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.31

16.46

12.11

12.85

7.59

JB Foods 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															16.71	11.75	14.22	15.21	0.62

JB Foods ROCE % Calculation

JB Foods'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 )
	=	22.54	/	( ( (636.98 - 349.12)	+	(992.071 - 685.844) )	/ 2 )
	=	22.54	/	( (287.86	+	306.227)	/ 2 )
	=	22.54	/	297.0435
	=	7.59 %

JB Foods'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 )
	=	1.83	/	( ( (907.702 - 620.699)	+	(992.071 - 685.844) )	/ 2 )
	=	1.83	/	( ( 287.003	+	306.227 )	/ 2 )
	=	1.83	/	296.615
	=	0.62 %

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

JB Foods (SGX:BEW) 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.

JB Foods ROCE % Related Terms

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JB Foods (SGX:BEW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » JB Foods Ltd (SGX:BEW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot CP1, Jalan Tanjung A/6, Pelabuhan Tanjung Pelepas, Gelang Patah, MYS, 81560

Website

https://www.jbcocoa.com

JB Foods Ltd produces cocoa products. The company's products include cocoa powder, cocoa liquor, and cocoa butter. The group's products are sold primarily under the 'JB COCOA' brand name to a worldwide customer base ranging from international trade houses to end users such as food and beverage and confectionery manufacturers. The Group's key customers include Nestle Group, Mondelez Group, Mars Group, Hershey's Group, Itochu Corporation, Theobroma B.V., General Cocoa Company Inc., Olam Europe Limited, etc. The group operates in only one business segment which is the production and sale of cocoa ingredients products. Geographically the company derives most of its revenue from Singapore.

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