Asia Air Survey Co (TSE:9233) ROCE % : 7.46% (As of Dec. 2023)

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What is Asia Air Survey Co 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. Asia Air Survey Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.46%.

Asia Air Survey Co ROCE % Historical Data

The historical data trend for Asia Air Survey Co'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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Asia Air Survey Co ROCE % Chart

Asia Air Survey Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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9.12

12.47

11.70

11.52

11.45

Asia Air Survey Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.21	66.23	-25.19	-2.89	7.46

Asia Air Survey Co ROCE % Calculation

Asia Air Survey Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	2826.789	/	( ( (31533.808 - 7755.309)	+	(33687.311 - 8089.574) )	/ 2 )
	=	2826.789	/	( (23778.499	+	25597.737)	/ 2 )
	=	2826.789	/	24688.118
	=	11.45 %

Asia Air Survey Co'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1894.396	/	( ( (33687.311 - 8089.574)	+	(34043.011 - 8865.832) )	/ 2 )
	=	1894.396	/	( ( 25597.737	+	25177.179 )	/ 2 )
	=	1894.396	/	25387.458
	=	7.46 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Asia Air Survey Co (TSE:9233) 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.

Asia Air Survey Co ROCE % Related Terms

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Asia Air Survey Co (TSE:9233) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Asia Air Survey Co Ltd (TSE:9233) » Definitions » ROCE %

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Address

6-14-1 Nishi Shinjuku, Shinjuku-ku, Green Tower Building, 15th Floor, Tokyo, JPN, 160-0023

Website

http://www.ajiko.co.jp

Asia Air Survey Co Ltd is a construction consulting company specializing in aerial surveying. The company includes a group of technical specialists with high-precision, specialized technology in businesses and fields such as surveying, disaster prevention, the environment and spatial information.

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