Alaris Equity Partnersome Trust (TSX:AD.UN) ROCE % : 18.10% (As of Dec. 2023)

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What is Alaris Equity Partnersome Trust 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. Alaris Equity Partnersome Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.10%.

Alaris Equity Partnersome Trust ROCE % Historical Data

The historical data trend for Alaris Equity Partnersome Trust'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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Alaris Equity Partnersome Trust ROCE % Chart

Alaris Equity Partnersome Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.07

5.53

17.46

14.14

15.00

Alaris Equity Partnersome Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															13.75	5.15	12.89	26.15	18.10

Alaris Equity Partnersome Trust ROCE % Calculation

Alaris Equity Partnersome Trust'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 )
	=	201.748	/	( ( (1370.103 - 30.388)	+	(1474.894 - 124.395) )	/ 2 )
	=	201.748	/	( (1339.715	+	1350.499)	/ 2 )
	=	201.748	/	1345.107
	=	15.00 %

Alaris Equity Partnersome Trust'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	244.908	/	( ( (1478.391 - 123.195)	+	(1474.894 - 124.395) )	/ 2 )
	=	244.908	/	( ( 1355.196	+	1350.499 )	/ 2 )
	=	244.908	/	1352.8475
	=	18.10 %

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

Alaris Equity Partnersome Trust (TSX:AD.UN) 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.

Alaris Equity Partnersome Trust ROCE % Related Terms

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Alaris Equity Partnersome Trust (TSX:AD.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alaris Equity Partners Income Trust (TSX:AD.UN) » Definitions » ROCE %

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ADLRF:USA

Address

250, 333 - 24th Avenue South West, Calgary, AB, CAN, T2S 3E6

Website

https://www.alarisequitypartners.com

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner's common equity position.

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