Aquirian (ASX:AQN) ROCE % : 6.19% (As of Dec. 2023)

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What is Aquirian 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. Aquirian's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.19%.

Aquirian ROCE % Historical Data

The historical data trend for Aquirian'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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Aquirian ROCE % Chart

Aquirian Annual Data

Trend

Jun22

Jun23

ROCE %

6.11

5.57

Aquirian Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			11.59	3.92	5.04	6.38	6.19

Aquirian ROCE % Calculation

Aquirian'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 )
	=	1.003	/	( ( (22.97 - 6.575)	+	(25.715 - 6.109) )	/ 2 )
	=	1.003	/	( (16.395	+	19.606)	/ 2 )
	=	1.003	/	18.0005
	=	5.57 %

Aquirian'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 )
	=	1.186	/	( ( (25.715 - 6.109)	+	(24.203 - 5.484) )	/ 2 )
	=	1.186	/	( ( 19.606	+	18.719 )	/ 2 )
	=	1.186	/	19.1625
	=	6.19 %

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

Aquirian (ASX:AQN) 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.

Aquirian ROCE % Related Terms

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Aquirian (ASX:AQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aquirian Ltd (ASX:AQN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

190 St. Georges Terrace, Level 3, Perth, WA, AUS, 6000

Website

https://www.aquirian.com

Aquirian Ltd is a provider of integrated solutions to the resource market. It is engaged in the provision of equipment, workforce, and training solutions to the mining and resources industry. The company has segments which are Mining Services, People Services, and Corporate/ Unallocated segments and the company generates the majority of its revenue from mining services.