Ashford (Ashford) ROCE % : -2.72% (As of Dec. 2023)

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What is Ashford 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. Ashford's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.72%.

Ashford ROCE % Historical Data

The historical data trend for Ashford'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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Ashford ROCE % Chart

Ashford Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.24

-38.54

-1.37

5.64

2.37

Ashford Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.93	5.01	6.57	0.41	-2.72

Ashford ROCE % Calculation

Ashford'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 )
	=	8.657	/	( ( (482.356 - 121.169)	+	(504.807 - 135.404) )	/ 2 )
	=	8.657	/	( (361.187	+	369.403)	/ 2 )
	=	8.657	/	365.295
	=	2.37 %

Ashford'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-10.004	/	( ( (483.104 - 115.964)	+	(504.807 - 135.404) )	/ 2 )
	=	-10.004	/	( ( 367.14	+	369.403 )	/ 2 )
	=	-10.004	/	368.2715
	=	-2.72 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Ashford (AMEX:AINC) 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.

Ashford ROCE % Related Terms

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Ashford (Ashford) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ashford Inc (AMEX:AINC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9YY:Germany

Address

14185 Dallas Parkway, Suite 1200, Dallas, TX, USA, 75254

Website

https://www.ashfordinc.com

Ashford Inc is a provider of asset management and advisory services to other entities, primarily within the hospitality industry. The company's operating segments include REIT Advisory, Remington, Premier, INSPIRE, RED and OpenKey, and Corporate and Other. It generates maximum revenue from the Remington segment. INSPIRE segment provides event technology and creative communications solutions services. The REIT Advisory segment provides asset management and advisory services to other entities. Its Remington segment provides hotel management services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Mexico and All other countries.

Executives

Darrell T Hail	director	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Jeremy Welter	officer: EVP - Asset Management	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Alex Rose	officer: Exec. VP, GC and Secretary	14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75254
Deric S Eubanks	officer: CFO and Treasurer	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Robert G. Haiman	officer: Exec. VP, GC and Secretary	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Mark Nunneley	officer: Chief Accounting Officer	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Ashford Hospitality Trust Inc	10 percent owner	14185 DALLAS PARKWAY SUITE 1100, DALLAS TX 75254
W Michael Murphy	director	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Hays J Robison Iii	officer: Chief Strategy Officer	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Archie Jr Bennett	10 percent owner	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Ashford Hospitality Lp	10 percent owner	14180 DALLAS PARKWAY, 9TH FLOOR, DALLAS TX 75254
Uno Immanivong	director	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Richard J Stockton	other: CEO of Ashford Hosp. Prime Inc	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Ashford Op Ltd Partner Llc	10 percent owner	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Brian Wheeler	director	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254