Aramex PJSC (DFM:ARMX) ROCE % : 9.83% (As of Dec. 2023)

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What is Aramex PJSC 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. Aramex PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.83%.

Aramex PJSC ROCE % Historical Data

The historical data trend for Aramex PJSC'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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Aramex PJSC ROCE % Chart

Aramex PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.55

11.32

8.53

6.21

6.17

Aramex PJSC 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															5.70	5.75	4.99	4.31	9.83

Aramex PJSC ROCE % Calculation

Aramex PJSC'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 )
	=	280.6	/	( ( (6092.509 - 1519.857)	+	(5827.84 - 1301.511) )	/ 2 )
	=	280.6	/	( (4572.652	+	4526.329)	/ 2 )
	=	280.6	/	4549.4905
	=	6.17 %

Aramex PJSC'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 )
	=	440.744	/	( ( (5710.232 - 1267.501)	+	(5827.84 - 1301.511) )	/ 2 )
	=	440.744	/	( ( 4442.731	+	4526.329 )	/ 2 )
	=	440.744	/	4484.53
	=	9.83 %

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

Aramex PJSC (DFM:ARMX) 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.

Aramex PJSC ROCE % Related Terms

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Aramex PJSC (DFM:ARMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aramex PJSC (DFM:ARMX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot WF 07, Jebel Ali, P.O. Box: 95946, Dubai Logistics City, Dubai, ARE, 2302A

Website

https://www.aramex.com

Aramex PJSC is a logistics company domiciled in the United Arab Emirates. The company organises itself into four segments: Courier; Freight forwarding, Logistics, and Other operations. The Courier segment, which contributes the majority of revenue, delivers small packages across the globe. Freight forwarding, the next- largest segment, forwards freight through air, land, and ocean transport. The Logistics segment offers warehousing, supply-chain management, and inventory management. The Other operations segment includes catalogue shipping services, document storage, airline ticketing and travel, and visa services.

Aramex PJSC (DFM:ARMX) Headlines

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