Keypath Education International (ASX:KED) ROCE % : -13.57% (As of Dec. 2023)

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What is Keypath Education International 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. Keypath Education International's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.57%.

Keypath Education International ROCE % Historical Data

The historical data trend for Keypath Education International'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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Keypath Education International ROCE % Chart

Keypath Education International Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-82.28

-33.91

-38.72

Keypath Education International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-36.19	-29.43	-35.09	-42.17	-13.57

Keypath Education International ROCE % Calculation

Keypath Education International'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 )
	=	-35.922	/	( ( (145.167 - 41.721)	+	(123.491 - 41.391) )	/ 2 )
	=	-35.922	/	( (103.446	+	82.1)	/ 2 )
	=	-35.922	/	92.773
	=	-38.72 %

Keypath Education International'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 )
	=	-10.774	/	( ( (123.491 - 41.391)	+	(105.494 - 28.837) )	/ 2 )
	=	-10.774	/	( ( 82.1	+	76.657 )	/ 2 )
	=	-10.774	/	79.3785
	=	-13.57 %

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

Keypath Education International (ASX:KED) 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.

Keypath Education International ROCE % Related Terms

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Keypath Education International (ASX:KED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Keypath Education International Inc (ASX:KED) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1933 N. Meacham Road, Suite 310, Schaumburg, IL, USA, 60173

Website

https://www.keypathedu.com

Keypath Education International Inc provides bundled OPM services to its university partners, including the design, development, launch, and management of online programs. The services include program design, market research, student recruitment, student support and placement services. It earns revenue from a share of tuition fees paid to its university partners by students undertaking the online programs delivered by Keypath. The Company has one reportable operating segment, being OPM.