Alexander Forbes Group Holdings (JSE:AFH) ROCE % : 0.26% (As of Sep. 2023)

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What is Alexander Forbes Group Holdings 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. Alexander Forbes Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.26%.

Alexander Forbes Group Holdings ROCE % Historical Data

The historical data trend for Alexander Forbes Group Holdings'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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Alexander Forbes Group Holdings ROCE % Chart

Alexander Forbes Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.24

-0.13

0.24

0.22

Alexander Forbes Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															0.24	0.19	0.18	0.28	0.26

Alexander Forbes Group Holdings ROCE % Calculation

Alexander Forbes Group Holdings'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 )
	=	848	/	( ( (370484 - 1718)	+	(386265 - 1238) )	/ 2 )
	=	848	/	( (368766	+	385027)	/ 2 )
	=	848	/	376896.5
	=	0.22 %

Alexander Forbes Group Holdings'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	998	/	( ( (386265 - 1238)	+	(390181 - 887) )	/ 2 )
	=	998	/	( ( 385027	+	389294 )	/ 2 )
	=	998	/	387160.5
	=	0.26 %

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

Alexander Forbes Group Holdings (JSE:AFH) 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.

Alexander Forbes Group Holdings ROCE % Related Terms

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Alexander Forbes Group Holdings (JSE:AFH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alexander Forbes Group Holdings Ltd (JSE:AFH) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

115 West Street, Alexander Forbes, Sandown, Johannesburg, GT, ZAF, 2196

Website

https://www.alexanderforbes.co.za

Alexander Forbes Group Holdings Ltd offers integrated retirement, investment, life, and insurance solutions to customers worldwide. Alexander's business is divided into two platforms, institutional and retail. Its reported segments Investment Solutions, AF Financial Services, and AF Insurance serve clients under each of its platforms. The group's customer base is composed of retirement funds, corporations, trustees, unions, individuals, dependents, and other organizations. Products and services include consulting and advisory for a range of different situations, such as actuarial, asset and investment, and beneficiary fund. On the retail side, individuals and dependents are offered insurance, research, investment portfolios, and other services.

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