Ambow Education Holding (Ambow Education Holding) ROCE % : -29.68% (As of Jun. 2023)

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What is Ambow Education Holding 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. Ambow Education Holding's annualized ROCE % for the quarter that ended in Jun. 2023 was -29.68%.

Ambow Education Holding ROCE % Historical Data

The historical data trend for Ambow Education Holding'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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Ambow Education Holding ROCE % Chart

Ambow Education Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.29

-11.29

-14.33

-24.57

-35.30

Ambow Education Holding Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-19.50	-142.51	-29.68	-

Ambow Education Holding ROCE % Calculation

Ambow Education Holding'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 )
	=	-4.305	/	( ( (25.516 - 11.905)	+	(20.566 - 9.789) )	/ 2 )
	=	-4.305	/	( (13.611	+	10.777)	/ 2 )
	=	-4.305	/	12.194
	=	-35.30 %

Ambow Education Holding's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-3.848	/	( ( (25.516 - 11.905)	+	(28.759 - 16.437) )	/ 2 )
	=	-3.848	/	( ( 13.611	+	12.322 )	/ 2 )
	=	-3.848	/	12.9665
	=	-29.68 %

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

Ambow Education Holding (AMEX:AMBO) 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.

Ambow Education Holding ROCE % Related Terms

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Ambow Education Holding (Ambow Education Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ambow Education Holding Ltd (AMEX:AMBO) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

19925 Stevens Creek Boulevard, Cupertino, CA, USA, 95014

Website

https://www.ambow.com

Ambow Education Holding Ltd is a provider of educational and career enhancement services in China. It operates through CP&CE Programs. The CP&CE Programs include tutoring services and career enhancement services. Geographically all the operations function in United States and Foreign countries.