Ariadne Australia (ASX:ARA) ROCE % : 0.48% (As of Dec. 2023)

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What is Ariadne Australia 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. Ariadne Australia's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.48%.

Ariadne Australia ROCE % Historical Data

The historical data trend for Ariadne Australia'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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Ariadne Australia ROCE % Chart

Ariadne Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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3.52

-4.63

7.98

-2.11

6.16

Ariadne Australia 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															3.03	-6.78	11.99	0.14	0.48

Ariadne Australia ROCE % Calculation

Ariadne Australia'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 )
	=	12.6	/	( ( (228.318 - 15.15)	+	(213.239 - 17.64) )	/ 2 )
	=	12.6	/	( (213.168	+	195.599)	/ 2 )
	=	12.6	/	204.3835
	=	6.16 %

Ariadne Australia'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 )
	=	0.972	/	( ( (213.239 - 17.64)	+	(222.492 - 15.361) )	/ 2 )
	=	0.972	/	( ( 195.599	+	207.131 )	/ 2 )
	=	0.972	/	201.365
	=	0.48 %

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

Ariadne Australia (ASX:ARA) 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.

Ariadne Australia ROCE % Related Terms

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Ariadne Australia (ASX:ARA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ariadne Australia Ltd (ASX:ARA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Chifley Square, Level 27, Chifley Tower, Sydney, NSW, AUS, 2000

Website

https://www.ariadne.com.au

Ariadne Australia Ltd is an investment company with operations in Australia and New Zealand. Its objective is to hold a portfolio of assets and investments to provide attractive investment returns which can generate regular dividends to shareholders and capital growth in the value of the shareholder's investments. It has two reportable segments. The investment division comprises the group's investments in securities. The property division includes all results derived from property and marina assets held by the group, either directly or through joint venture entities or joint venture operations.