A-Sonic Aerospace (SGX:BTJ) ROCE % : 1.16% (As of Dec. 2023)

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What is A-Sonic Aerospace 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. A-Sonic Aerospace's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.16%.

A-Sonic Aerospace ROCE % Historical Data

The historical data trend for A-Sonic Aerospace'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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A-Sonic Aerospace ROCE % Chart

A-Sonic Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.18

25.41

27.48

13.98

2.10

A-Sonic Aerospace 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															30.62	27.24	1.14	3.07	1.16

A-Sonic Aerospace ROCE % Calculation

A-Sonic Aerospace'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 )
	=	1.323	/	( ( (130.069 - 65.998)	+	(116.467 - 54.287) )	/ 2 )
	=	1.323	/	( (64.071	+	62.18)	/ 2 )
	=	1.323	/	63.1255
	=	2.10 %

A-Sonic Aerospace'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 )
	=	0.722	/	( ( (120.517 - 57.884)	+	(116.467 - 54.287) )	/ 2 )
	=	0.722	/	( ( 62.633	+	62.18 )	/ 2 )
	=	0.722	/	62.4065
	=	1.16 %

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

A-Sonic Aerospace (SGX:BTJ) 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.

A-Sonic Aerospace ROCE % Related Terms

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A-Sonic Aerospace (SGX:BTJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » A-Sonic Aerospace Ltd (SGX:BTJ) » Definitions » ROCE %

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ASNCF:USA

Address

10 Anson Road, No. 24-07, International Plaza, Singapore, SGP, 079903

Website

https://www.asonic-aerospace.com

A-Sonic Aerospace Ltd is engaged in providing supply chain management services. The company provides domestic multi-modal transportation, warehousing, distribution, customs clearance, and airport ground services. Its business is divided into two segments namely Aviation which includes aircraft systems and components to airlines and aviation maintenance repair organizations, and Logistics that includes services like Airside Logistics and Transportation, Air Cargo Management and Logistics and Supply Chain Management Services. It generates a majority of its revenue from the Logistics Segment. Geographically, the company gets a majority of its share of the revenue from The People's Republic of China.

A-Sonic Aerospace (SGX:BTJ) Headlines

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