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ABLV (Able View Global) ROCE % : 25.65% (As of Dec. 2023)


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What is Able View Global 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. Able View Global's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.65%.

Able View Global ROCE % Historical Data

The historical data trend for Able View Global'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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Able View Global ROCE % Chart

Able View Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
93.91 129.32 60.64 39.69

Able View Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROCE % Get a 7-Day Free Trial 140.15 69.91 45.22 45.24 25.65

Able View Global ROCE % Calculation

Able View Global'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 )
=12.533/( ( (54.621 - 30.721) + (54.907 - 15.653) )/ 2 )
=12.533/( (23.9+39.254)/ 2 )
=12.533/31.577
=39.69 %

Able View Global'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 )
=10.326/( ( (58.792 - 17.527) + (54.907 - 15.653) )/ 2 )
=10.326/( ( 41.265 + 39.254 )/ 2 )
=10.326/40.2595
=25.65 %

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

* 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.

Able View Global  (NAS:ABLV) 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.

Able View Global ROCE % Related Terms

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Able View Global Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Able View Global Inc (NAS:ABLV) » Definitions » ROCE %
Comparable Companies
XNET TZOO ADTH STCN MCHX EZOO WIMI FLNT TSQ DRCT XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 ZD TSE:4751
Traded in Other Exchanges
N/A
Address
No. 168, Middle Xizang Road, Floor 16, Dushi Headquarters Building, Shanghai, CHN, 200001
Website
https://www.ableview.com
Able View Global Inc operates as a brand management partner of international beauty and personal care brands in China. It provides full-service solutions covering marketing plan, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The firm generates revenue from product sales by distributing and selling cross-border products from various brand owners to Chinese consumers.