ArcBest (STU:AQY) ROCE % : -0.56% (As of Mar. 2024)

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What is ArcBest 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. ArcBest's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.56%.

ArcBest ROCE % Historical Data

The historical data trend for ArcBest'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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ArcBest ROCE % Chart

ArcBest Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.55

8.03

21.76

25.99

11.01

ArcBest Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.93	11.51	11.18	15.62	-0.56

ArcBest ROCE % Calculation

ArcBest'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 )
	=	179.74	/	( ( (2354.606 - 725.436)	+	(2278.831 - 643.333) )	/ 2 )
	=	179.74	/	( (1629.17	+	1635.498)	/ 2 )
	=	179.74	/	1632.334
	=	11.01 %

ArcBest's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-9.012	/	( ( (2278.831 - 643.333)	+	(2168.572 - 569.089) )	/ 2 )
	=	-9.012	/	( ( 1635.498	+	1599.483 )	/ 2 )
	=	-9.012	/	1617.4905
	=	-0.56 %

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

ArcBest (STU:AQY) 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.

ArcBest ROCE % Related Terms

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ArcBest (STU:AQY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ArcBest Corp (STU:AQY) » Definitions » ROCE %

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ARCB:USA

Address

8401 McClure Drive, Fort Smith, AR, USA, 72916

Website

https://www.arcb.com

ArcBest Corp is engaged in logistics operations. The company operates in three business segments namely Asset-Based, ArcBest and FleetNet. Asset-Based segment which represents ABF Freight System, Inc. and certain other subsidiaries, including ABF Freight System (B.C.) ULC; ABF Freight System Canada ULC; ABF Cartage, Inc.; and Land-Marine Cargo, Inc.. ArcBest segment consist asset-light logistics operation, including MoLo, Panther, and certain other subsidiaries. FleetNet segment revenues consist of service fee revenue, roadside repair revenue, and routine maintenance services revenue. The ArcBest and FleetNet reportable segments, combined, represent its Asset-Light operations.

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