Academies Australasia Group (ASX:AKG) ROCE % : -12.66% (As of Jun. 2024)

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What is Academies Australasia 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. Academies Australasia Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -12.66%.

Academies Australasia Group ROCE % Historical Data

The historical data trend for Academies Australasia 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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Academies Australasia Group ROCE % Chart

Academies Australasia Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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9.49

-0.01

-2.79

-5.43

-18.68

Academies Australasia Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-9.63	0.07	-9.76	-24.07	-12.66

Academies Australasia Group ROCE % Calculation

Academies Australasia Group's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-10.805	/	( ( (93.392 - 29.899)	+	(83.861 - 31.646) )	/ 2 )
	=	-10.805	/	( (63.493	+	52.215)	/ 2 )
	=	-10.805	/	57.854
	=	-18.68 %

Academies Australasia Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-6.98	/	( ( (85.053 - 26.961)	+	(83.861 - 31.646) )	/ 2 )
	=	-6.98	/	( ( 58.092	+	52.215 )	/ 2 )
	=	-6.98	/	55.1535
	=	-12.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Academies Australasia Group (ASX:AKG) 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.

Academies Australasia Group ROCE % Related Terms

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Academies Australasia Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Academies Australasia Group Ltd (ASX:AKG) » Definitions » ROCE %

Comparable Companies

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N/A

Address

505 George Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.academies.edu.au

Academies Australasia Group Ltd is engaged in the provision of training and education services. It offers the English language, Senior High School, Singapore government school preparatory certificate, diploma, advanced diploma, and bachelor and master degree courses. The company has only one operating segment: Education. Its geographical segments are Australia and Singapore. The company generates maximum revenue from Australia.

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