Aptitude Software Group (LSE:APTD) ROCE % : 9.64% (As of Dec. 2023)

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What is Aptitude Software 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. Aptitude Software Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.64%.

Aptitude Software Group ROCE % Historical Data

The historical data trend for Aptitude Software 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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Aptitude Software Group ROCE % Chart

Aptitude Software Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.10

15.96

10.02

4.79

7.16

Aptitude Software Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															5.39	5.58	4.03	4.74	9.64

Aptitude Software Group ROCE % Calculation

Aptitude Software Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	5.485	/	( ( (118.192 - 40.182)	+	(119.413 - 44.137) )	/ 2 )
	=	5.485	/	( (78.01	+	75.276)	/ 2 )
	=	5.485	/	76.643
	=	7.16 %

Aptitude Software Group'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 )
	=	7.312	/	( ( (113.108 - 36.749)	+	(119.413 - 44.137) )	/ 2 )
	=	7.312	/	( ( 76.359	+	75.276 )	/ 2 )
	=	7.312	/	75.8175
	=	9.64 %

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

Aptitude Software Group (LSE:APTD) 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.

Aptitude Software Group ROCE % Related Terms

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Aptitude Software Group (LSE:APTD) Business Description

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APTDl:UK

Address

138 Cheapside, 8th Floor, London, GBR, EC2V 6BJ

Website

https://www.aptitudesoftwaregroup.com

Aptitude Software Group PLC is engaged in the provision of IT services and solutions, including software-based activity. It operates its business through the Aptitude Software Segment. It Aptitude Software business provides a series of specialized financial management software applications, and the majority of the revenue is derived from software licenses, software subscription fees maintenance, support, funded development, and related consultancy. It operates in two geographic regions the United Kingdom and the Rest of the world, and the majority of its revenue comes from the United Kingdom.

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