Asiabest Group International (PHS:ABG) ROCE % : -3.80% (As of Dec. 2023)

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What is Asiabest Group International 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. Asiabest Group International's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.80%.

Asiabest Group International ROCE % Historical Data

The historical data trend for Asiabest Group International'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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Asiabest Group International ROCE % Chart

Asiabest Group International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.49

-2.61

-2.52

-2.51

-3.52

Asiabest Group International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.11	-3.16	-3.54	-3.58	-3.80

Asiabest Group International ROCE % Calculation

Asiabest Group International'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 )
	=	-8.901	/	( ( (262.795 - 8.733)	+	(256.855 - 5.019) )	/ 2 )
	=	-8.901	/	( (254.062	+	251.836)	/ 2 )
	=	-8.901	/	252.949
	=	-3.52 %

Asiabest Group International'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-9.576	/	( ( (253.397 - 1.102)	+	(256.855 - 5.019) )	/ 2 )
	=	-9.576	/	( ( 252.295	+	251.836 )	/ 2 )
	=	-9.576	/	252.0655
	=	-3.80 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Asiabest Group International (PHS:ABG) 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.

Asiabest Group International ROCE % Related Terms

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Asiabest Group International (PHS:ABG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Asiabest Group International Inc (PHS:ABG) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

8th Floor, Chatham House Building, Valero Corner Rufino Street, Salcedo Village, Makati, PHL, 1227

Website

http://www.asiabestgroup.com

Asiabest Group International Inc is exploring new opportunities. The Company's business plans and strategies includes, but not limited to entertainment and gaming.