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Ares Management Corporation ARES Secondaries Group — Foreign currency translation

Discontinued — last reported Q2 '23

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Other financials

Income statement

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Revenue$1.4B+28.3%
Net income$142.6M+202%

Balance sheet

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Cash & equivalents$568.8M-8.0%
Total debt$730.1M+6.4%
Total equity$4.0B-9.6%
Total assets$28.4B+4.5%

Cash flow

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Operating cash flow$406.5M-79.6%

Valuation

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Market cap$29.17B-19.6%
Enterprise value$29.33B-19.2%
P/E46.8×-36.0×
P/S4.9×-3.6×

Profitability

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Net margin10.5%+0.3pp
FCF margin-161.4%

Returns & leverage

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Return on equity14.7%+0.6pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Ares Management Corporation in its filing.

Tagged under the XBRL concept us-gaap:GoodwillForeignCurrencyTranslationGainLoss.

The official record: Ares Management Corporation’s 10-Q, filed August 3, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ares Management Corporation's secondaries group — foreign currency translation?
Ares Management Corporation (ARES) reported secondaries group — foreign currency translation of $6K in Q2 2023.
How has Ares Management Corporation's secondaries group — foreign currency translation changed year-over-year?
Ares Management Corporation's secondaries group — foreign currency translation increased by 142.9% year-over-year, from -$14K to $6K.
What does secondaries group — foreign currency translation mean?
The effect of currency exchange rate changes on the segment's financial results.
How do you interpret secondaries group — foreign currency translation?
Positive values indicate favorable currency movements; negative values indicate headwinds from a stronger reporting currency.
How does secondaries group — foreign currency translation compare across companies?
Standard FX translation impact reported by global investment firms.