Andrews Sykes Group (LSE:ASY) ROCE % : 36.44% (As of Jun. 2024)

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What is Andrews Sykes 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. Andrews Sykes Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 36.44%.

Andrews Sykes Group ROCE % Historical Data

The historical data trend for Andrews Sykes 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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Andrews Sykes Group ROCE % Chart

Andrews Sykes Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.49

22.55

27.66

29.13

36.75

Andrews Sykes Group 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															22.20	33.62	26.88	41.06	36.44

Andrews Sykes Group ROCE % Calculation

Andrews Sykes 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 )
	=	24.355	/	( ( (96.22 - 20.01)	+	(77.574 - 21.237) )	/ 2 )
	=	24.355	/	( (76.21	+	56.337)	/ 2 )
	=	24.355	/	66.2735
	=	36.75 %

Andrews Sykes Group'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 )
	=	20.378	/	( ( (77.574 - 21.237)	+	(75.071 - 19.557) )	/ 2 )
	=	20.378	/	( ( 56.337	+	55.514 )	/ 2 )
	=	20.378	/	55.9255
	=	36.44 %

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

Andrews Sykes Group (LSE:ASY) 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.

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Andrews Sykes Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Andrews Sykes Group PLC (LSE:ASY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASY.GB:UK

Address

Bentley Road South, Unit 601, Axcess 10 Business Park, Wednesbury, West Midlands, GBR, WS10 8LQ

Website

https://www.andrews-sykes.com

Andrews Sykes Group PLC engages in the rental of pumping equipment and specialist climate control products, which include air conditioning and chillers, heating and boilers, dehumidifiers, and ventilation units. Its operating segments are Hire & sales UK, Hire and Sales Europe, Hire and Sales Middle East, and Installation and Maintenance. Most of the revenue is derived from the Hire & sales UK segment. Its geographical segments are the United Kingdom, the Rest of Europe, the Middle East & Africa, and the Rest of the World.

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