Altus Group (TSX:AIF) ROCE % : 2.29% (As of Dec. 2023)

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What is Altus Group 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. Altus Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.29%.

Altus Group ROCE % Historical Data

The historical data trend for Altus Group'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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Altus Group ROCE % Chart

Altus Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.98

8.54

5.19

1.83

4.41

Altus Group 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															-1.21	1.04	10.09	3.82	2.29

Altus Group ROCE % Calculation

Altus Group'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 )
	=	44.565	/	( ( (1263.886 - 239.86)	+	(1214.693 - 218.276) )	/ 2 )
	=	44.565	/	( (1024.026	+	996.417)	/ 2 )
	=	44.565	/	1010.2215
	=	4.41 %

Altus Group'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 )
	=	22.888	/	( ( (1228.232 - 226.439)	+	(1214.693 - 218.276) )	/ 2 )
	=	22.888	/	( ( 1001.793	+	996.417 )	/ 2 )
	=	22.888	/	999.105
	=	2.29 %

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

Altus Group (TSX:AIF) 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.

Altus Group ROCE % Related Terms

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Altus Group (TSX:AIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Altus Group Ltd (TSX:AIF) » Definitions » ROCE %

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ASGTF:USA

Address

33 Yonge Street, Suite 500, Toronto, ON, CAN, M5E 1G4

Website

https://www.altusgroup.com

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Property Tax, Analytics; and under CRE Consulting services, and Appraisals and Development Advisory. It generates maximum revenue from the Analytics; and under CRE Consulting services segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.