ELMO Software (ASX:ELO) ROCE % : -35.62% (As of Jun. 2022)

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What is ELMO Software 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. ELMO Software's annualized ROCE % for the quarter that ended in Jun. 2022 was -35.62%.

ELMO Software ROCE % Historical Data

The historical data trend for ELMO Software'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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ELMO Software ROCE % Chart

ELMO Software Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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-6.93

-15.02

-14.92

-18.33

-36.83

ELMO Software Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
ROCE %	Get a 7-Day Free Trial						-13.72	-11.06	-23.14	-36.15	-35.62

ELMO Software ROCE % Calculation

ELMO Software's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-73.771	/	( ( (316.545 - 91.399)	+	(285.28 - 109.791) )	/ 2 )
	=	-73.771	/	( (225.146	+	175.489)	/ 2 )
	=	-73.771	/	200.3175
	=	-36.83 %

ELMO Software's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	-68.776	/	( ( (300.483 - 89.813)	+	(285.28 - 109.791) )	/ 2 )
	=	-68.776	/	( ( 210.67	+	175.489 )	/ 2 )
	=	-68.776	/	193.0795
	=	-35.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

ELMO Software (ASX:ELO) 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.

ELMO Software ROCE % Related Terms

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ELMO Software (ASX:ELO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » ELMO Software Ltd (ASX:ELO) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

580 George Street, Level 27, Sydney, NSW, AUS, 2000

Website

https://www.elmosoftware.com.au

ELMO Software Ltd provides Software-as-a-Service (SaaS), cloud-based Human Resources (HR), payroll and expense management solutions. The business operates in two segments, mid-market through the ELMO platform, and small business through the Breathe platform. The company develops, sells, and implements a range of modular software applications to manage human resource-related processes; recruitment, onboarding, performance management, learning and development, succession planning, and others. It also provides HR core, a software module for people management, and employee self-service.ELMO has business operations in Australia, New Zealand and the United Kingdom. Geographically, Australia contributes to the majority of total revenue.

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