Appen (APXYY) ROCE % : -35.51% (As of Jun. 2024)

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What is Appen 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. Appen's annualized ROCE % for the quarter that ended in Jun. 2024 was -35.51%.

Appen ROCE % Historical Data

The historical data trend for Appen'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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Appen ROCE % Chart

Appen Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.51

13.17

8.75

-76.69

-83.75

Appen Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial														-5.45	-149.86	-47.83	-117.71	-35.51

Appen ROCE % Calculation

Appen's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-124.514	/	( ( (254.941 - 65.09)	+	(155.158 - 47.656) )	/ 2 )
	=	-124.514	/	( (189.851	+	107.502)	/ 2 )
	=	-124.514	/	148.6765
	=	-83.75 %

Appen's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-35.454	/	( ( (155.158 - 47.656)	+	(142.462 - 50.297) )	/ 2 )
	=	-35.454	/	( ( 107.502	+	92.165 )	/ 2 )
	=	-35.454	/	99.8335
	=	-35.51 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Appen (OTCPK:APXYY) 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.

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Appen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Appen Ltd (OTCPK:APXYY) » Definitions » ROCE %

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APPEF:USA 433:Germany APX:Australia

Address

9 Help Street, Level 6, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.appen.com

Appen Ltd is engaged in the provision of quality data solutions and services for machine learning and artificial intelligence applications for technology companies, auto manufacturers, government agencies among others. The company's business segments are Global services and New markets. It generates maximum revenue from the Global services segment which represents the services that it provides to technology customers using the customers' data annotation platforms and tools. The majority of projects comprise large, at-scale deep learning (model evaluation) programs. Geographically, it derives a majority of its revenue from the United States of America.