Axis Auto Finance (TSX:AXIS) ROCE % : 34.71% (As of Sep. 2024)

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What is Axis Auto Finance 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. Axis Auto Finance's annualized ROCE % for the quarter that ended in Sep. 2024 was 34.71%.

Axis Auto Finance ROCE % Historical Data

The historical data trend for Axis Auto Finance'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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Axis Auto Finance ROCE % Chart

Axis Auto Finance Annual Data

Trend

Apr15

Apr16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-1.27

6.43

3.36

-19.79

-44.39

Axis Auto Finance 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															-27.73	-13.11	-28.90	-96.21	34.71

Axis Auto Finance ROCE % Calculation

Axis Auto Finance's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-13.846	/	( ( (218.548 - 176.136)	+	(173.173 - 153.199) )	/ 2 )
	=	-13.846	/	( (42.412	+	19.974)	/ 2 )
	=	-13.846	/	31.193
	=	-44.39 %

Axis Auto Finance'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 )
	=	7.288	/	( ( (173.173 - 153.199)	+	(96.565 - 74.548) )	/ 2 )
	=	7.288	/	( ( 19.974	+	22.017 )	/ 2 )
	=	7.288	/	20.9955
	=	34.71 %

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

Axis Auto Finance (TSX:AXIS) 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.

Axis Auto Finance ROCE % Related Terms

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Axis Auto Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axis Auto Finance Inc (TSX:AXIS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2265 Upper Middle Road East, Suite 400, Oakville, ON, CAN, L5H 0G5

Website

https://www.axisfinancegroup.com

Axis Auto Finance Inc is a fintech company that is changing the way used vehicles are purchased and financed in Canada. The company's direct-to-consumer website, DriveAxis.ca, enables users to choose their next used vehicle, customize financing terms, and get the car delivered to homes. In addition, the company continues to grow business-to-business non-prime auto loan originations by delivering innovative technology solutions and superior service to its dealer partners. The company operates and reports in two separate segments: automotive lending and equipment financing.

Executives

Todd Charles Hudson	Senior Officer
Paul James Stoyan	Director
Wesley James Neichenbauer	Director
Richard Lloyd	Senior Officer
Ilja Troitschanski	Director or Senior Officer of 10% Security Holder
Bruce Frank Smith	Director
Gerard Thom	Director
Jordan Zinberg	Director

Axis Auto Finance Headlines

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