Pentanet (ASX:5GG) ROCE % : -12.31% (As of Dec. 2023)

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What is Pentanet 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. Pentanet's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.31%.

Pentanet ROCE % Historical Data

The historical data trend for Pentanet'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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Pentanet ROCE % Chart

Pentanet Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-25.67

-17.82

-18.90

Pentanet Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-13.89	-21.95	-24.48	-14.82	-12.31

Pentanet ROCE % Calculation

Pentanet's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-7.455	/	( ( (46.138 - 7.461)	+	(48.097 - 7.902) )	/ 2 )
	=	-7.455	/	( (38.677	+	40.195)	/ 2 )
	=	-7.455	/	39.436
	=	-18.90 %

Pentanet'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 )
	=	-4.77	/	( ( (48.097 - 7.902)	+	(44.183 - 6.904) )	/ 2 )
	=	-4.77	/	( ( 40.195	+	37.279 )	/ 2 )
	=	-4.77	/	38.737
	=	-12.31 %

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

Pentanet (ASX:5GG) 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.

Pentanet ROCE % Related Terms

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Pentanet (ASX:5GG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Pentanet Ltd (ASX:5GG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 2/8 Corbusier Place, Balcatta, Perth, WA, AUS, 6021

Website

https://www.pentanet.com.au

Pentanet Ltd is a licensed telecommunications carrier and internet service provider (ISP), delivering high-speed internet services via its fixed-wireless network and other fixed-line networks. The company provides a range of services for residential, commercial, and enterprise customers. It operates in two segments namely Internet services and Gaming and technology services within Australia. The company generates maximum revenue from the Internet services segment.

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