ABS Investment ASI (WAR:AIN) ROCE % : 7.85% (As of Mar. 2024)

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What is ABS Investment ASI 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. ABS Investment ASI's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.85%.

ABS Investment ASI ROCE % Historical Data

The historical data trend for ABS Investment ASI'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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ABS Investment ASI ROCE % Chart

ABS Investment ASI Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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16.39

17.11

-61.10

-0.78

43.67

ABS Investment ASI Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.73	-26.15	-21.84	8.29	7.85

ABS Investment ASI ROCE % Calculation

ABS Investment ASI's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	7.578	/	( ( (18.327 - 1.829)	+	(23.198 - 4.993) )	/ 2 )
	=	7.578	/	( (16.498	+	18.205)	/ 2 )
	=	7.578	/	17.3515
	=	43.67 %

ABS Investment ASI's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	0.86	/	( ( (11.937 - 0.459)	+	(10.676 - 0.245) )	/ 2 )
	=	0.86	/	( ( 11.478	+	10.431 )	/ 2 )
	=	0.86	/	10.9545
	=	7.85 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

ABS Investment ASI (WAR:AIN) 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.

ABS Investment ASI ROCE % Related Terms

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