Weebit Nano (ASX:WBT) ROCE % : -70.04% (As of Dec. 2023)

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What is Weebit Nano 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. Weebit Nano's annualized ROCE % for the quarter that ended in Dec. 2023 was -70.04%.

Weebit Nano ROCE % Historical Data

The historical data trend for Weebit Nano'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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Weebit Nano ROCE % Chart

Weebit Nano Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-277.11

-168.38

-91.55

-71.86

-57.48

Weebit Nano Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-128.82	-23.68	-95.92	-57.48	-70.04

Weebit Nano ROCE % Calculation

Weebit Nano'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 )
	=	-40.297	/	( ( (57.008 - 1.664)	+	(89.506 - 4.645) )	/ 2 )
	=	-40.297	/	( (55.344	+	84.861)	/ 2 )
	=	-40.297	/	70.1025
	=	-57.48 %

Weebit Nano'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 )
	=	-54.16	/	( ( (89.506 - 4.645)	+	(74.727 - 4.939) )	/ 2 )
	=	-54.16	/	( ( 84.861	+	69.788 )	/ 2 )
	=	-54.16	/	77.3245
	=	-70.04 %

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

Weebit Nano (ASX:WBT) 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.

Weebit Nano ROCE % Related Terms

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Weebit Nano (ASX:WBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Weebit Nano Ltd (ASX:WBT) » Definitions » ROCE %

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WBTNF:USA 6RI:Germany

Address

330 Collins Street, Level 7, Melbourne, VIC, AUS, 3000

Website

https://www.weebit-nano.com

Weebit Nano Ltd is a memory and semiconductor technology company. The company is engaged in developing and commercializing silicon oxide (SiOx) and Resistive Random-Access Memory (ReRAM) technology based on fabrication factory-friendly materials. Its products are used in various applications, such as in computers, consumer electronics, smartphones, tablets, enterprise storage, automotive infotainment and navigation systems, healthcare, wearables and Internet of Things (IoT).

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