Allied Sustainability And Environmental Consultants Group (HKSE:08320) ROCE % : 0.66% (As of Sep. 2023)

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What is Allied Sustainability And Environmental Consultants Group 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. Allied Sustainability And Environmental Consultants Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.66%.

Allied Sustainability And Environmental Consultants Group ROCE % Historical Data

The historical data trend for Allied Sustainability And Environmental Consultants Group'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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Allied Sustainability And Environmental Consultants Group ROCE % Chart

Allied Sustainability And Environmental Consultants Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-14.42

1.99

6.69

-6.44

-4.04

Allied Sustainability And Environmental Consultants Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-6.66	-9.52	-1.73	1.46	0.66

Allied Sustainability And Environmental Consultants Group ROCE % Calculation

Allied Sustainability And Environmental Consultants Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-2.984	/	( ( (95.253 - 21.121)	+	(94.294 - 20.843) )	/ 2 )
	=	-2.984	/	( (74.132	+	73.451)	/ 2 )
	=	-2.984	/	73.7915
	=	-4.04 %

Allied Sustainability And Environmental Consultants Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	0.484	/	( ( (0 - 0)	+	(92.724 - 19.855) )	/ 1 )
	=	0.484	/	( ( 0	+	72.869 )	/ 1 )
	=	0.484	/	72.869
	=	0.66 %

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

Allied Sustainability And Environmental Consultants Group (HKSE:08320) 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.

Allied Sustainability And Environmental Consultants Group ROCE % Related Terms

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Allied Sustainability And Environmental Consultants Group (HKSE:08320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Allied Sustainability And Environmental Consultants Group Ltd (HKSE:08320) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

160 Gloucester Road, 27/F, Overseas Trust Bank Building, Wan Chai, Hong Kong, HKG

Website

https://www.asecg.com

Allied Sustainability And Environmental Consultants Group Ltd is an environmental consulting company. The company is engaged in the provision of consultancy services relating to green building certification consultancy, sustainability and environmental consultancy, acoustics, noise and vibration control, audio-visual design consultancy, and Environmental, social, and governance reporting consultancy. The principal place of the Group's operation is mainly in Hong Kong and has a presence in Macau and the PRC also.

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