AMTD Digital (AMTD Digital) ROCE % : 12.53% (As of Oct. 2023)

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What is AMTD Digital 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. AMTD Digital's annualized ROCE % for the quarter that ended in Oct. 2023 was 12.53%.

AMTD Digital ROCE % Historical Data

The historical data trend for AMTD Digital'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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AMTD Digital ROCE % Chart

AMTD Digital Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

0.98

20.52

9.28

7.46

9.97

AMTD Digital Semi-Annual Data
	Apr19	Apr20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial			3.23	11.48	5.32	12.64	12.53

AMTD Digital ROCE % Calculation

AMTD Digital's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	45.82	/	( ( (410.505 - 13.648)	+	(661.676 - 139.543) )	/ 2 )
	=	45.82	/	( (396.857	+	522.133)	/ 2 )
	=	45.82	/	459.495
	=	9.97 %

AMTD Digital's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	71.002	/	( ( (661.676 - 139.543)	+	(719.796 - 108.735) )	/ 2 )
	=	71.002	/	( ( 522.133	+	611.061 )	/ 2 )
	=	71.002	/	566.597
	=	12.53 %

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

AMTD Digital (NYSE:HKD) 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.

AMTD Digital ROCE % Related Terms

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AMTD Digital (AMTD Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AMTD Digital Inc (NYSE:HKD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

27-29 rue de Bassano, Paris, FRA

Website

https://www.amtdigital.net

AMTD Digital Inc is a comprehensive digital solutions platform in Asia with businesses spanning multiple verticals, including digital financial services, SpiderNet ecosystem solutions, digital media, content, and marketing, and digital investments.