ALS (ASX:ALQ) ROCE %

: 16.09% (As of Sep. 2023)

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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. ALS's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.09%.

ALS ROCE % Historical Data

The historical data trend for ALS'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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ALS Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.18

9.40

12.76

15.02

17.99

ALS Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															12.99	18.67	19.07	14.76	16.09

ALS ROCE % Calculation

ALS's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	433.7	/	( ( (2844.2 - 738.6)	+	(3330.1 - 612.8) )	/ 2 )
	=	433.7	/	( (2105.6	+	2717.3)	/ 2 )
	=	433.7	/	2411.45
	=	17.99 %

ALS's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	433	/	( ( (3330.1 - 612.8)	+	(3529.4 - 863.6) )	/ 2 )
	=	433	/	( ( 2717.3	+	2665.8 )	/ 2 )
	=	433	/	2691.55
	=	16.09 %

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

ALS (ASX:ALQ) 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.

ALS ROCE % Related Terms

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ALS (ASX:ALQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ALS Ltd (ASX:ALQ) » Definitions » ROCE %

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CPBLF:USA CP4:Germany

Address

299 Coronation Drive, Level 2, Milton, Brisbane, QLD, AUS, 4064

Website

https://www.alsglobal.com

Founded in the 1880s and listing on the ASX in 1952, ALS operates three divisions: commodities, life sciences, and industrial. ALS commodities traditionally generated the majority of underlying earnings, providing geochemistry, metallurgy, inspection and mine site services for the global mining industry. Expansion into environmental, pharmaceutical and food testing areas and commodity price weakness have lessened earnings exposure to commodities.

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