Anexo Group (STU:9QZ) ROCE % : 22.06% (As of Dec. 2023)

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What is Anexo 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. Anexo Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.06%.

Anexo Group ROCE % Historical Data

The historical data trend for Anexo 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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Anexo Group ROCE % Chart

Anexo Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.02

15.92

20.56

18.29

22.12

Anexo Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										24.50	20.24	16.43	21.15	22.06

Anexo Group ROCE % Calculation

Anexo Group'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 )
	=	46.167	/	( ( (283.82 - 78.514)	+	(300.285 - 88.215) )	/ 2 )
	=	46.167	/	( (205.306	+	212.07)	/ 2 )
	=	46.167	/	208.688
	=	22.12 %

Anexo 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 )
	=	47.592	/	( ( (296.415 - 77.019)	+	(300.285 - 88.215) )	/ 2 )
	=	47.592	/	( ( 219.396	+	212.07 )	/ 2 )
	=	47.592	/	215.733
	=	22.06 %

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

Anexo Group (STU:9QZ) 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.

Anexo Group ROCE % Related Terms

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Anexo Group (STU:9QZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Anexo Group PLC (STU:9QZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ANX:UK

Address

100 Old Hall Street, 5th Floor, The Plaza, Liverpool, Merseyside, GBR, L3 9QJ

Website

https://www.anexo-group.com

Anexo Group PLC is a specialist integrated credit hire and legal services group focused on providing replacement vehicles and associated legal services to customers who have been involved in a non-fault accident.. The company provides an integrated end to end service to the customer including the provision of a credit hire vehicle, upfront settlement of repair and recovery charges through to the management and recovery of costs and the processing of any associated personal injury claim. The company operates through Credit Hire and Legal Sevices segment, with majority of its revenue coming from the Credit Hire segment.

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