Brookfield Asset Management (TSX:BAM.PR.E.PFD) ROCE %

: 7.31% (As of Dec. 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. Brookfield Asset Management's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.31%.

Brookfield Asset Management ROCE % Historical Data

The historical data trend for Brookfield Asset Management'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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Brookfield Asset Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

5.05

2.99

7.19

5.18

5.64

Brookfield Asset Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																3.92	4.71	5.95	4.54	7.31

Brookfield Asset Management ROCE % Calculation

Brookfield Asset Management'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 )
	=	29004.05	/	( ( (599484.314 - 105619.299)	+	(657511.452 - 122265.374) )	/ 2 )
	=	29004.05	/	( (493865.015	+	535246.078)	/ 2 )
	=	29004.05	/	514555.5465
	=	5.64 %

Brookfield Asset Management'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 )
	=	38992.264	/	( ( (643825.276 - 112209.877)	+	(657511.452 - 122265.374) )	/ 2 )
	=	38992.264	/	( ( 531615.399	+	535246.078 )	/ 2 )
	=	38992.264	/	533430.7385
	=	7.31 %

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

Brookfield Asset Management (TSX:BAM.PR.E.PFD) 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.

Brookfield Asset Management ROCE % Related Terms

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Brookfield Asset Management (TSX:BAM.PR.E.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brookfield Asset Management Inc (TSX:BAM.PR.E.PFD) » Definitions » ROCE %

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Address

181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, CAN, M5J 2T3

Website

https://www.brookfield.com

Brookfield Corp owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. The company generates the majority revenue through Private Equity. Located around the world, its assets are concentrated in the United States, and Canada.

Brookfield Asset Management (TSX:BAM.PR.E.PFD) Headlines

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