ASX (ASXFF) ROCE % : 28.54% (As of Jun. 2024)

View and export this data going back to 2009. Start your Free Trial

What is ASX 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. ASX's annualized ROCE % for the quarter that ended in Jun. 2024 was 28.54%.

ASX ROCE % Historical Data

The historical data trend for ASX'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.

ASX ROCE % Chart

ASX Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

Get a 7-Day Free Trial

19.03

18.08

17.27

18.73

27.43

ASX 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															18.18	11.27	27.41	27.58	28.54

ASX ROCE % Calculation

ASX'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 )
	=	758.367	/	( ( (11297.517 - 8635.101)	+	(11212.815 - 8346.016) )	/ 2 )
	=	758.367	/	( (2662.416	+	2866.799)	/ 2 )
	=	758.367	/	2764.6075
	=	27.43 %

ASX'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 )
	=	788.712	/	( ( (10312.718 - 7653.414)	+	(11212.815 - 8346.016) )	/ 2 )
	=	788.712	/	( ( 2659.304	+	2866.799 )	/ 2 )
	=	788.712	/	2763.0515
	=	28.54 %

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

ASX (OTCPK:ASXFF) 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.

ASX ROCE % Related Terms

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

ASX Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ASX Ltd (OTCPK:ASXFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASXFY:USA ASX:Australia

Address

16-20 Bridge Street, Exchange Centre, Sydney, NSW, AUS, 2000

Website

https://www.asx.com.au

The Australian Securities Exchange is a vertically integrated securities exchange business offering listing, data, trading, clearing, and settlement services across equities, debt, and derivatives. ASX benefits from various effective monopolies across its business and a disproportionately large listings business from Australia's outsize natural resources sector.