Idomoo (XTAE:IDMO) ROCE % : 0.00% (As of Dec. 2023)

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What is Idomoo 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. Idomoo's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Idomoo ROCE % Historical Data

The historical data trend for Idomoo'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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Idomoo ROCE % Chart

Idomoo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-39.17

-146.53

Idomoo Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				9.82	-136.67	-215.05	-2,095.00	-

Idomoo ROCE % Calculation

Idomoo'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 )
	=	-23.452	/	( ( (42.447 - 35.056)	+	(27.283 - 34.679) )	/ 2 )
	=	-23.452	/	( (7.391	+	-7.396)	/ 2 )
	=	-23.452	/	-0.0024999999999977
	=	938,080.00 %

Idomoo'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 )
	=	-21.766	/	( ( (30.189 - 35.18)	+	(27.283 - 34.679) )	/ 2 )
	=	-21.766	/	( ( -4.991	+	-7.396 )	/ 2 )
	=	-21.766	/	-6.1935
	=	0 %

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

Idomoo (XTAE:IDMO) 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.

Idomoo ROCE % Related Terms

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Idomoo (XTAE:IDMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Idomoo Ltd (XTAE:IDMO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tidhar 5, Raanana, ISR, 4366507

Website

https://www.idomoo.com

Idomoo Ltd is engaged in the development and sale of software for making custom videos.

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