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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. AirSculpt Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.16%.
The historical data trend for AirSculpt Technologies'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.
AirSculpt Technologies Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | 0.41 | 6.02 | 8.90 | -2.51 | 5.24 |
AirSculpt Technologies Quarterly Data | |||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | 3.85 | 11.25 | 2.02 | 3.05 | 24.16 |
AirSculpt Technologies'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 ) | |||||
= | 9.483 | / | ( ( (200.759 - 22.318) | + | (204.019 - 20.315) ) | / 2 ) | |
= | 9.483 | / | ( (178.441 | + | 183.704) | / 2 ) | |
= | 9.483 | / | 181.0725 | ||||
= | 5.24 % |
AirSculpt Technologies'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 ) | |||||
= | 44.048 | / | ( ( (204.019 - 20.315) | + | (202.714 - 21.765) ) | / 2 ) | |
= | 44.048 | / | ( ( 183.704 | + | 180.949 ) | / 2 ) | |
= | 44.048 | / | 182.3265 | ||||
= | 24.16 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
AirSculpt Technologies (NAS:AIRS) 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.
Thank you for viewing the detailed overview of AirSculpt Technologies's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Todd Magazine | director, officer: President and CEO | 1111 LINCOLN ROAD, SUITE 802, MIAMI BEACH FL 33139 |
Thomas J Aaron | director | 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067 |
Dennis Dean | officer: Chief Financial Officer | 40 BURTON HILLS BOULEVARD SUITE 500, NASHVILLE TN 37215 |
Caroline Chu | director | 400 ALTON ROAD, UNIT TH-103M, MIAMI BEACH FL 33139 |
Kenneth Higgins | director | 400 ALTON ROAD, UNIT TH-103M, MIAMI BEACH FL 33139 |
Aaron Rollins | director, 10 percent owner, officer: Chief Executive Officer | 400 ALTON ROAD, UNIT TH-103M, MIAMI BEACH FL 33139 |
Adam T Feinstein | director, 10 percent owner | 40 BURTON HILLS BOULEVARD SUITE 500, NASHVILLE TN 37215 |
Ronald P. Zelhof | officer: COO and President | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Pamela L. Netzky | director | C/O AMPLIFY SNACK BRANDS, INC., 500 WEST 5TH STREET, AUSTIN TX 78701 |
Daniel Sollof | director | 400 ALTON ROAD, UNIT TH-103M, MIAMI BEACH FL 33139 |
Vscp Ebs Aggregator, L.p. | director, 10 percent owner | 428 GREENWICH STREET, NEW YORK NY 10013 |
Ebs Aggregator Blocker Holdings, Llc | director, 10 percent owner | 428 GREENWICH STREET, NEW YORK NY 10013 |
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