Apollo Global Capital (PHS:APL) ROCE % : -0.55% (As of Sep. 2024)

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What is Apollo Global Capital 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. Apollo Global Capital's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.55%.

Apollo Global Capital ROCE % Historical Data

The historical data trend for Apollo Global Capital'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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Apollo Global Capital ROCE % Chart

Apollo Global Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.50

-0.49

1.58

-1.96

-1.90

Apollo Global Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-0.88	-4.96	-0.51	-0.65	-0.55

Apollo Global Capital ROCE % Calculation

Apollo Global Capital'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 )
	=	-82.759	/	( ( (4639.408 - 202.912)	+	(4436.107 - 154.326) )	/ 2 )
	=	-82.759	/	( (4436.496	+	4281.781)	/ 2 )
	=	-82.759	/	4359.1385
	=	-1.90 %

Apollo Global Capital's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-23.524	/	( ( (4429.198 - 174.169)	+	(4415.336 - 168.002) )	/ 2 )
	=	-23.524	/	( ( 4255.029	+	4247.334 )	/ 2 )
	=	-23.524	/	4251.1815
	=	-0.55 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Apollo Global Capital (PHS:APL) 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.

Apollo Global Capital ROCE % Related Terms

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Apollo Global Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Apollo Global Capital Inc (PHS:APL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Edsa Corner Ortigas Avenue, Unit 504, Galleria Corporate Center, Brgy. Ugong Norte, Quezon, QUE, PHL, 1100

Website

https://www.apolloglobalcapital.com

Apollo Global Capital Inc is a holding company. The company through its subsidiaries engages in mining operations. The Company competes with magnetite iron ore suppliers in world iron ore markets.

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