COSOL (ASX:COS) ROCE % : 16.73% (As of Dec. 2023)

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What is COSOL 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. COSOL's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.73%.

COSOL ROCE % Historical Data

The historical data trend for COSOL'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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COSOL ROCE % Chart

COSOL Annual Data

Trend

Sep19

Jun21

Jun22

Jun23

ROCE %

21.35

22.70

22.63

COSOL Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			20.27	21.19	20.03	23.11	16.73

COSOL ROCE % Calculation

COSOL'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 )
	=	11.094	/	( ( (60.372 - 17.892)	+	(78.857 - 23.282) )	/ 2 )
	=	11.094	/	( (42.48	+	55.575)	/ 2 )
	=	11.094	/	49.0275
	=	22.63 %

COSOL'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 )
	=	11.438	/	( ( (78.857 - 23.282)	+	(106.981 - 25.8) )	/ 2 )
	=	11.438	/	( ( 55.575	+	81.181 )	/ 2 )
	=	11.438	/	68.378
	=	16.73 %

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

COSOL (ASX:COS) 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.

COSOL ROCE % Related Terms

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COSOL (ASX:COS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » COSOL Ltd (ASX:COS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

490-500 Adelaide Street, Unit 1, Brisbane, QLD, AUS, 4000

Website

https://www.cosol.global

COSOL Ltd operates in the Information Technology(IT) and business services industry and provides EAM(enterprise asset management) related solutions and infrastructure-focused systems. It offers services such as digital business solutions which include business process and strategic reviews, implementation of enterprise resource planning (ERP)/EAM solutions, data migration, and ongoing support services to clients. The company's revenue is generated from EAM/ERP support services; data migration, and legacy data services. Its geographical segment includes COSOL Asia Pacific and COSOL North America. The company derives a majority of its revenue from the Asia Pacific region.

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