Apollo Global Management (LTS:0A72) ROCE % : 9.12% (As of Dec. 2023)

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What is Apollo Global Management 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. Apollo Global Management's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.12%.

Apollo Global Management ROCE % Historical Data

The historical data trend for Apollo Global Management'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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Apollo Global Management ROCE % Chart

Apollo Global Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.77

6.42

23.82

-8.11

6.88

Apollo Global Management 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															7.06	10.02	5.08	4.58	9.12

Apollo Global Management ROCE % Calculation

Apollo Global Management'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 )
	=	5844	/	( ( (257217 - 184331)	+	(313488 - 216445) )	/ 2 )
	=	5844	/	( (72886	+	97043)	/ 2 )
	=	5844	/	84964.5
	=	6.88 %

Apollo Global Management'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 )
	=	8164	/	( ( (283235 - 201283)	+	(313488 - 216445) )	/ 2 )
	=	8164	/	( ( 81952	+	97043 )	/ 2 )
	=	8164	/	89497.5
	=	9.12 %

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

Apollo Global Management (LTS:0A72) 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.

Apollo Global Management ROCE % Related Terms

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Apollo Global Management (LTS:0A72) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Apollo Global Management Inc (LTS:0A72) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

APO:USA N7I:Germany

Address

9 West 57th Street, 42nd Floor, New York, NY, USA, 10019

Website

https://www.apollo.com

Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.

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