Fobi Ai (TSXV:FOBI) ROCE % : -211.81% (As of Dec. 2023)

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What is Fobi Ai 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. Fobi Ai's annualized ROCE % for the quarter that ended in Dec. 2023 was -211.81%.

Fobi Ai ROCE % Historical Data

The historical data trend for Fobi Ai'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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Fobi Ai ROCE % Chart

Fobi Ai Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-226.24

-218.90

-267.66

Fobi Ai Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-246.05	-332.35	-289.87	-306.42	-211.81

Fobi Ai ROCE % Calculation

Fobi Ai'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 )
	=	-12.781	/	( ( (8.541 - 2.045)	+	(4.982 - 1.928) )	/ 2 )
	=	-12.781	/	( (6.496	+	3.054)	/ 2 )
	=	-12.781	/	4.775
	=	-267.66 %

Fobi Ai'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-5.092	/	( ( (4.787 - 1.938)	+	(4.561 - 2.602) )	/ 2 )
	=	-5.092	/	( ( 2.849	+	1.959 )	/ 2 )
	=	-5.092	/	2.404
	=	-211.81 %

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

Fobi Ai (TSXV:FOBI) 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.

Fobi Ai ROCE % Related Terms

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Fobi Ai (TSXV:FOBI) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Fobi Ai Inc (TSXV:FOBI) » Definitions » ROCE %

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FOBIF:USA WMV:Germany

Address

541 Howe Street, Unit 2F, Vancouver, BC, CAN, V6C 2C2

Website

https://www.fobi.ai

Fobi Ai Inc is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. The Company operates in one operating segment, being the technology segment wherein it earns revenues from directly selling software as a service, reselling, referring and licensing its technology to licensors. Its IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating scalable solutions for clients across the world. The company operates globally in the retail, telecom, sports and entertainment, casino gaming, and hospitality and tourism industries. It operates in North America and Europe.

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