Abacus Storage King (ASX:ASK) ROCE % : 0.91% (As of Dec. 2023)

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What is Abacus Storage King 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. Abacus Storage King's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.91%.

Abacus Storage King ROCE % Historical Data

The historical data trend for Abacus Storage King'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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Abacus Storage King ROCE % Chart

Abacus Storage King Annual Data

Trend

Jun21

Jun22

ROCE %

13.12

16.63

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
ROCE %	-	-	2.13	0.91

Abacus Storage King ROCE % Calculation

Abacus Storage King's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	65.369	/	( ( (410.229 - 69.594)	+	(558.759 - 113.163) )	/ 2 )
	=	65.369	/	( (340.635	+	445.596)	/ 2 )
	=	65.369	/	393.1155
	=	16.63 %

Abacus Storage King'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	26.7	/	( ( (2997.5 - 152.5)	+	(3106.947 - 72.051) )	/ 2 )
	=	26.7	/	( ( 2845	+	3034.896 )	/ 2 )
	=	26.7	/	2939.948
	=	0.91 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Abacus Storage King (ASX:ASK) 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.

Abacus Storage King ROCE % Related Terms

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Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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