ARB (ARBFF) ROCE % : 21.86% (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is ARB 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. ARB's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.86%.

ARB ROCE % Historical Data

The historical data trend for ARB'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.

* Premium members only.

ARB ROCE % Chart

ARB Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

23.07

20.91

33.10

27.72

19.46

ARB 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															31.82	24.30	20.98	18.42	21.86

ARB ROCE % Calculation

ARB's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	83.06	/	( ( (494.876 - 69.876)	+	(486.438 - 57.844) )	/ 2 )
	=	83.06	/	( (425	+	428.594)	/ 2 )
	=	83.06	/	426.797
	=	19.46 %

ARB'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 )
	=	95.934	/	( ( (486.438 - 57.844)	+	(509.341 - 60.165) )	/ 2 )
	=	95.934	/	( ( 428.594	+	449.176 )	/ 2 )
	=	95.934	/	438.885
	=	21.86 %

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

ARB (OTCPK:ARBFF) 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.

ARB ROCE % Related Terms

Thank you for viewing the detailed overview of ARB's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

ARB (ARBFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ARB Corp Ltd (OTCPK:ARBFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARB:Australia

Address

42-44 Garden Street, Kilsyth, Melbourne, VIC, AUS, 3137

Website

https://www.arb.com.au

ARB Corporation designs, manufactures, and distributes four-wheel-drive and light commercial vehicle accessories. The firm has carved a niche with aftermarket accessories including bull bars, suspension systems, differentials, and lighting. ARB operates manufacturing plants in Australia and Thailand; sales and distribution centres across several countries. The Australian division, which generates the vast majority of group earnings, distributes through the ARB store network, ARB stockists, new vehicle dealers, and fleet operators.

ARB (ARBFF) Headlines

From GuruFocus

Full Year 2022 ARB Corp Ltd Earnings Call Transcript

By GuruFocus Research • 02-12-2024

Half Year 2023 ARB Corp Ltd Earnings Call Transcript

By GuruFocus Research • 02-12-2024

Full Year 2023 ARB Corporation Ltd Earnings call Transcript

By GuruFocus Research • 02-12-2024