Atlas Arteria (ASX:ALX) ROCE % : 4.26% (As of Dec. 2023)

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What is Atlas Arteria 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. Atlas Arteria's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.26%.

Atlas Arteria ROCE % Historical Data

The historical data trend for Atlas Arteria'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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Atlas Arteria ROCE % Chart

Atlas Arteria Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.84

0.44

5.06

5.04

4.42

Atlas Arteria Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															5.25	6.33	5.29	4.49	4.26

Atlas Arteria ROCE % Calculation

Atlas Arteria'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 )
	=	356.5	/	( ( (8318.533 - 123.759)	+	(8044.7 - 118.8) )	/ 2 )
	=	356.5	/	( (8194.774	+	7925.9)	/ 2 )
	=	356.5	/	8060.337
	=	4.42 %

Atlas Arteria'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 )
	=	344	/	( ( (8355 - 121.7)	+	(8044.7 - 118.8) )	/ 2 )
	=	344	/	( ( 8233.3	+	7925.9 )	/ 2 )
	=	344	/	8079.6
	=	4.26 %

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

Atlas Arteria (ASX:ALX) 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.

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Atlas Arteria (ASX:ALX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Atlas Arteria Ltd (ASX:ALX) » Definitions » ROCE %

Traded in Other Exchanges

MAQAF:USA M82:Germany

Address

180 Flinders Street, Level 1, Melbourne, VIC, AUS, 3000

Website

https://www.atlasarteria.com

Atlas Arteria is a global toll-road investor created out of the reorganisation of Macquarie Infrastructure Group in 2010. The firm's main asset is a 31.1% stake in Autoroutes Paris-Rhin-Rhone, or APRR. APRR owns concessions to toll more than 2,300 kilometres of motorways in eastern France, most ending late 2035. The firm also wholly owns the Dulles Greenway and 66.7% of the Chicago Skyway, both in the U.S.