Ares International (TPE:2471) ROCE % : 4.28% (As of Mar. 2024)

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What is Ares International 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. Ares International's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.28%.

Ares International ROCE % Historical Data

The historical data trend for Ares International'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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Ares International ROCE % Chart

Ares International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.32

12.60

14.89

17.59

19.28

Ares International 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															4.43	36.74	18.98	19.46	4.28

Ares International ROCE % Calculation

Ares International'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 )
	=	196.357	/	( ( (1407.179 - 399.041)	+	(1459.476 - 430.731) )	/ 2 )
	=	196.357	/	( (1008.138	+	1028.745)	/ 2 )
	=	196.357	/	1018.4415
	=	19.28 %

Ares International'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 )
	=	44.14	/	( ( (1459.476 - 430.731)	+	(1423.426 - 390.309) )	/ 2 )
	=	44.14	/	( ( 1028.745	+	1033.117 )	/ 2 )
	=	44.14	/	1030.931
	=	4.28 %

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

Ares International (TPE:2471) 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.

Ares International ROCE % Related Terms

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Ares International (TPE:2471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ares International Corp (TPE:2471) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongshan North Road, Shuanglian Building-3rd Floor, No. 111, Section 2, Taipei, TWN

Website

https://www.ares.com.tw

Ares International Corp is Taiwan based company. The company is engaged in the design, sales, lease, maintenance and technology consultation of computer equipment, internet and related software, and analysis, design, modification, installment and maintenance of application software. The major geographical regions in which the company operates are Asia, Taiwan, America and Others.

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