Adore Beauty Group (ASX:ABY) ROCE % : 8.16% (As of Dec. 2023)

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What is Adore Beauty Group 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. Adore Beauty Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.16%.

Adore Beauty Group ROCE % Historical Data

The historical data trend for Adore Beauty Group'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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Adore Beauty Group ROCE % Chart

Adore Beauty Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

0.33

9.36

-3.51

Adore Beauty Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			15.42	3.33	-3.36	-3.71	8.16

Adore Beauty Group ROCE % Calculation

Adore Beauty Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.311	/	( ( (59.228 - 21.125)	+	(62.411 - 25.827) )	/ 2 )
	=	-1.311	/	( (38.103	+	36.584)	/ 2 )
	=	-1.311	/	37.3435
	=	-3.51 %

Adore Beauty Group'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 )
	=	3.116	/	( ( (62.411 - 25.827)	+	(71.845 - 32.022) )	/ 2 )
	=	3.116	/	( ( 36.584	+	39.823 )	/ 2 )
	=	3.116	/	38.2035
	=	8.16 %

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

Adore Beauty Group (ASX:ABY) 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.

Adore Beauty Group ROCE % Related Terms

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Adore Beauty Group (ASX:ABY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Adore Beauty Group Ltd (ASX:ABY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

421 High Street, Level 1, Northcote, VIC, AUS, 3070

Website

https://www.adorebeautygroup.com.au

Adore Beauty Group Ltd is engaged in the online sale of cosmetics. It offers various products including skin care, hair care, body care, cosmetics, fragrances, oral care, and dietary supplements among others. The firm generates revenue through the sale of beauty and personal care products online.

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