GAM Holding AG (XSWX:GAM) ROCE % : -13.40% (As of Dec. 2023)

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What is GAM Holding AG 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. GAM Holding AG's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.40%.

GAM Holding AG ROCE % Historical Data

The historical data trend for GAM Holding AG'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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GAM Holding AG ROCE % Chart

GAM Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.07

-45.35

-1.57

-67.27

-42.52

GAM Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.26	-132.68	8.93	-76.57	-13.40

GAM Holding AG ROCE % Calculation

GAM Holding AG'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 )
	=	-80.1	/	( ( (352.9 - 130.7)	+	(266 - 111.4) )	/ 2 )
	=	-80.1	/	( (222.2	+	154.6)	/ 2 )
	=	-80.1	/	188.4
	=	-42.52 %

GAM Holding AG'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-20	/	( ( (286.8 - 142.8)	+	(266 - 111.4) )	/ 2 )
	=	-20	/	( ( 144	+	154.6 )	/ 2 )
	=	-20	/	149.3
	=	-13.40 %

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

GAM Holding AG (XSWX:GAM) 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.

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GAM Holding AG (XSWX:GAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAM Holding AG (XSWX:GAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GMHLF:USA GAMz:UK 0QN3:UK

Address

Hardstrasse 201, Zurich, CHE, CH-8037

Website

https://www.gam.com

GAM Holding AG is a global asset manager with products that cater to institutions, intermediaries, and private clients. Customers are offered directional and absolute return strategies across an array of asset classes and strategies. In addition to an asset-management business, clients are offered private labeling services, such as fund administration and management company services. Asset management services are distributed through the GAM and Julius Bae brands and include investment advice from internal and external professionals.