Ashley Services Group (ASX:ASH) ROCE % : 18.44% (As of Dec. 2024)

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

What is Ashley Services 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. Ashley Services Group's annualized ROCE % for the quarter that ended in Dec. 2024 was 18.44%.

Ashley Services Group ROCE % Historical Data

The historical data trend for Ashley Services 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.

* Premium members only.

Ashley Services Group ROCE % Chart

Ashley Services Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

Get a 7-Day Free Trial

25.39

41.95

45.45

39.18

12.35

Ashley Services Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															43.60	37.15	15.77	9.62	18.44

Ashley Services Group ROCE % Calculation

Ashley Services 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 )
	=	5.447	/	( ( (112.296 - 63.796)	+	(90.123 - 50.39) )	/ 2 )
	=	5.447	/	( (48.5	+	39.733)	/ 2 )
	=	5.447	/	44.1165
	=	12.35 %

Ashley Services Group's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	7.652	/	( ( (90.123 - 50.39)	+	(91.871 - 48.608) )	/ 2 )
	=	7.652	/	( ( 39.733	+	43.263 )	/ 2 )
	=	7.652	/	41.498
	=	18.44 %

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

Ashley Services Group (ASX:ASH) 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.

Ashley Services Group ROCE % Related Terms

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

Ashley Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashley Services Group Ltd (ASX:ASH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

92 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.ashleyservicesgroup.com.au

Ashley Services Group Ltd is engaged in staffing services. It is an integrated Labour Hire, Recruitment, and Training organization that has been delivering workforce management and business improvement programs. The group operates in two operating segments namely Labour hire and Training. The group derives maximum revenue from providing Labour hire services. The organization operates in Australia.