Yangaroo (TSXV:YOO) ROCE %

: 6.23% (As of Sep. 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. Yangaroo's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.23%.

Yangaroo ROCE % Historical Data

The historical data trend for Yangaroo'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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Yangaroo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

23.02

-3.02

30.58

2.29

27.69

Yangaroo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																-6.91	45.39	-14.78	9.71	6.23

Yangaroo ROCE % Calculation

Yangaroo'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 )
	=	2.519	/	( ( (11.462 - 2.703)	+	(12.414 - 2.981) )	/ 2 )
	=	2.519	/	( (8.759	+	9.433)	/ 2 )
	=	2.519	/	9.096
	=	27.69 %

Yangaroo's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	0.532	/	( ( (12.311 - 3.739)	+	(11.205 - 2.69) )	/ 2 )
	=	0.532	/	( ( 8.572	+	8.515 )	/ 2 )
	=	0.532	/	8.5435
	=	6.23 %

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

Yangaroo (TSXV:YOO) 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.

Yangaroo ROCE % Related Terms

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Yangaroo (TSXV:YOO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Yangaroo Inc (TSXV:YOO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YOOIF:USA

Address

360 Dufferin St, Suite 203, Toronto, ON, CAN, M6K 3G1

Website

http://www.yangaroo.com

Yangaroo Inc is a technology software company. It is the provider of workflow management solutions for the media industry. The company's Digital Media Distribution System platform is an end to an end technology solution that provides a fully integrated workflow-based digital distribution and data management solution. DMDS provides audio and video content for music, music videos, and advertising to television, radio, media, retailers, and award shows. The Company has only one reportable segment and provides Advertising, Entertainment and Awards Management software workflow solutions to customers across multiple geographic regions. Geographically, the firm operates in Canada and the United States. It generates a majority of its revenue from the United States.

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