Baijiayun Group (Baijiayun Group) ROCE % : -24.58% (As of Jun. 2023)

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What is Baijiayun 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. Baijiayun Group's annualized ROCE % for the quarter that ended in Jun. 2023 was -24.58%.

Baijiayun Group ROCE % Historical Data

The historical data trend for Baijiayun 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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Baijiayun Group ROCE % Chart

Baijiayun Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Jun22

Jun23

ROCE %

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10.93

10.32

36.95

-26.01

-8.54

Baijiayun Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															47.14	27.70	-	12.98	-24.58

Baijiayun Group ROCE % Calculation

Baijiayun 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 )
	=	-6.814	/	( ( (108.908 - 49.303)	+	(139.288 - 39.382) )	/ 2 )
	=	-6.814	/	( (59.605	+	99.906)	/ 2 )
	=	-6.814	/	79.7555
	=	-8.54 %

Baijiayun Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-23.338	/	( ( (146.775 - 56.764)	+	(139.288 - 39.382) )	/ 2 )
	=	-23.338	/	( ( 90.011	+	99.906 )	/ 2 )
	=	-23.338	/	94.9585
	=	-24.58 %

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

Baijiayun Group (NAS:RTC) 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.

Baijiayun Group ROCE % Related Terms

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Baijiayun Group (Baijiayun Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Baijiayun Group Ltd (NAS:RTC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

F4B1:Germany

Address

No. 32 Fengzhan Road, 24th Floor, A1 South Building, Yuhuatai District, Nanjing, CHN, 210000

Website

https://ir.baijiayun.com

Baijiayun Group Ltd is a ToB video cloud technology service provider that solves various pain points and needs in the field of video technology applications for enterprises. The group supplies energy for the digital development of enterprises through audio and video technology. The firm provides video technology solutions to enterprises and government agencies in various fields such as automobiles, finance, education, and medical care. Baijiayun has created three categories of product services namely video SaaS/PaaS business, video cloud products and software, and video system solutions. It has set up multiple R&D centers, branches, and offices across the country, enabling video technology to create industrial value and promote the development of the real economy.