BetMakers Technology Group (ASX:BET) ROCE % : -17.42% (As of Dec. 2023)

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What is BetMakers Technology Group 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. BetMakers Technology Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.42%.

BetMakers Technology Group ROCE % Historical Data

The historical data trend for BetMakers Technology Group'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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BetMakers Technology Group ROCE % Chart

BetMakers Technology Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-25.33

-4.73

-15.53

-46.81

-29.85

BetMakers Technology Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												-27.47	-64.08	-26.94	-32.86	-17.42

BetMakers Technology Group ROCE % Calculation

BetMakers Technology Group'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 )
	=	-53.145	/	( ( (223.06 - 21.271)	+	(199.545 - 45.294) )	/ 2 )
	=	-53.145	/	( (201.789	+	154.251)	/ 2 )
	=	-53.145	/	178.02
	=	-29.85 %

BetMakers Technology Group'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 )
	=	-25.72	/	( ( (199.545 - 45.294)	+	(183.436 - 42.45) )	/ 2 )
	=	-25.72	/	( ( 154.251	+	140.986 )	/ 2 )
	=	-25.72	/	147.6185
	=	-17.42 %

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

BetMakers Technology Group (ASX:BET) 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.

BetMakers Technology Group ROCE % Related Terms

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BetMakers Technology Group (ASX:BET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BetMakers Technology Group Ltd (ASX:BET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TPBTF:USA

Address

189 Flinders Lane, Level 4, Melbourne, VIC, AUS, 3000

Website

http://www.thebetmakers.com

BetMakers Technology Group Ltd engages in the development and provision of data and analytic products. The firm operates in three segments: Global racing network, Global betting services, and Global Tote. The Global racing network segment assists racing bodies and rights holders in producing and distributing race content including services such as barrier technology, official price calculation, vision, and pricing distribution. The Global betting services segment which derives the majority of revenue provides a variety of racing data and analytical tools consisting of basic race data such as pricing, runners, and form, analytical tools. The Global Tote segment includes the provision of tote software and integrations to facilitate tote liquidity and results.

BetMakers Technology Group (ASX:BET) Headlines

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