SmileDirectClub (SmileDirectClub) ROCE %

: -43.67% (As of Jun. 2023)

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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. SmileDirectClub's annualized ROCE % for the quarter that ended in Jun. 2023 was -43.67%.

SmileDirectClub ROCE % Historical Data

The historical data trend for SmileDirectClub'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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SmileDirectClub Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-27.60

-93.11

-33.46

-47.35

-47.52

SmileDirectClub Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-44.48	-49.41	-52.28	-50.52	-43.67

SmileDirectClub ROCE % Calculation

SmileDirectClub's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-260.534	/	( ( (794.558 - 178.24)	+	(597.063 - 116.8) )	/ 2 )
	=	-260.534	/	( (616.318	+	480.263)	/ 2 )
	=	-260.534	/	548.2905
	=	-47.52 %

SmileDirectClub'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: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-179.108	/	( ( (545.606 - 112.243)	+	(498.712 - 111.727) )	/ 2 )
	=	-179.108	/	( ( 433.363	+	386.985 )	/ 2 )
	=	-179.108	/	410.174
	=	-43.67 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

SmileDirectClub (OTCPK:SDCCQ) 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.

SmileDirectClub ROCE % Related Terms

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SmileDirectClub (SmileDirectClub) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SmileDirectClub Inc (OTCPK:SDCCQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

414 Union Street, Nashville, TN, USA, 37219

Website

https://www.smiledirectclub.com

SmileDirectClub Inc is engaged in the orthodontics business. It is mainly involved in the sale of aligners, impression kits, whitening gel, and retainers. The company has one operating segment, aligner products.

Executives

Richard F Wallman	director	HONEYWELL, 101 COLUMBIA ROAD, MORRISTOWN NJ 07962
Susan Greenspon Rammelt	director, officer: General Counsel, Sec. and Dir.	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Alexander Dimitrief	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Linda Marie Williams	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Cd&r Investment Associates X, Ltd.	10 percent owner	CLAYTON, DUBILIER & RICE, LLC, 375 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10152
Kay Oswald	officer: President of International	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Ward Edward W Iii	director	SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Steven B. Katzman	director, officer: COO and Director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
David B Katzman	director, officer: CEO and Chairman	100 GALLERIA OFFICECENTRE, SUITE 419, SOUTHFIELD MI 48034
Jordan M. Katzman	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Kyle Wailes	officer: Chief Financial Officer	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Troy W. Crawford	officer: Chief Accounting Officer	C/O GAMESTOP CORP., 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Carol Hamilton	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
William H. Frist	director	600 MONTGOMERY STREET, SAN FRANCISCO CA 94111
Cd&r Sdc Holdings, L.p.	10 percent owner	MAPLES CORP SERVICES LTD, P.O. BOX 309, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104