Associated Commercial Co (XMAU:ACC) ROCE % : 2.57% (As of Dec. 2023)

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What is Associated Commercial 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. Associated Commercial Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.57%.

Associated Commercial Co ROCE % Historical Data

The historical data trend for Associated Commercial 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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Associated Commercial Co ROCE % Chart

Associated Commercial Co Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

7.14

9.87

15.83

14.80

Associated Commercial Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									5.04	11.66	33.77	7.09	2.57

Associated Commercial Co ROCE % Calculation

Associated Commercial Co's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	84.681	/	( ( (629.96 - 84.768)	+	(701.283 - 101.937) )	/ 2 )
	=	84.681	/	( (545.192	+	599.346)	/ 2 )
	=	84.681	/	572.269
	=	14.80 %

Associated Commercial 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 )
	=	15.708	/	( ( (670.803 - 59.327)	+	(678.916 - 68.992) )	/ 2 )
	=	15.708	/	( ( 611.476	+	609.924 )	/ 2 )
	=	15.708	/	610.7
	=	2.57 %

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

Associated Commercial Co (XMAU:ACC) 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.

Associated Commercial Co ROCE % Related Terms

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Associated Commercial Co (XMAU:ACC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Associated Commercial Co Ltd (XMAU:ACC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o United Bus Service Ltd., Les Cassis, Port Louis, MUS

Website

https://www.accgroup.mu/acc

Associated Commercial Co Ltd is a dealer of motor vehicles, spare parts, new tyres and accessories. The principal activity of the company is the import and distribution tyres, tubes, flaps and spare parts for commercial vehicles. The company's reportable segments are Vehicles, Batteries and Lubricants, Spare Parts and Tyres. The company generates majority of its revenue from Tyres segment.