Ansarada Group (ASX:AND) ROCE % : -5.26% (As of Dec. 2023)

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What is Ansarada 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. Ansarada Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.26%.

Ansarada Group ROCE % Historical Data

The historical data trend for Ansarada 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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Ansarada Group ROCE % Chart

Ansarada Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-108.37

4.56

-10.67

-8.23

Ansarada Group Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-6.11	-15.20	-15.53	-0.87	-5.26

Ansarada Group ROCE % Calculation

Ansarada 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 )
	=	-4.463	/	( ( (83.149 - 26.18)	+	(79.046 - 27.506) )	/ 2 )
	=	-4.463	/	( (56.969	+	51.54)	/ 2 )
	=	-4.463	/	54.2545
	=	-8.23 %

Ansarada 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 )
	=	-2.68	/	( ( (79.046 - 27.506)	+	(79.797 - 29.384) )	/ 2 )
	=	-2.68	/	( ( 51.54	+	50.413 )	/ 2 )
	=	-2.68	/	50.9765
	=	-5.26 %

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

Ansarada Group (ASX:AND) 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.

Ansarada Group ROCE % Related Terms

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Ansarada Group (ASX:AND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ansarada Group Ltd (ASX:AND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 George Street, Level 2, The Rocks, Sydney, NSW, AUS, 2000

Website

https://www.ansarada.com

Ansarada Group Ltd formerly thedocyard Ltd develops and provides cloud-based software for legal and finance organizations. It operates as a Software as a Service (SaaS) model with its clients being organizations that undertake complex transactions such as legal and accounting firms, corporate and financial advisers, financial institutions, and listed or multinational companies. Some services provided are Workflow management, Collaboration, Secure document management, and Project Management. Geographically, the majority of the business is done in the Australian market. The Group derives its revenue from subscription or transactional usage fees from customers for access to its cloud-based SaaS platform.

Ansarada Group (ASX:AND) Headlines

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