Audinate Group (ASX:AD8) ROCE % : -4.81% (As of Dec. 2024)

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What is Audinate 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. Audinate Group's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.81%.

Audinate Group ROCE % Historical Data

The historical data trend for Audinate 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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Audinate Group ROCE % Chart

Audinate Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-3.91

-4.93

-5.44

1.82

9.07

Audinate Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial											-0.58	4.16	8.69	7.52	-4.81

Audinate Group ROCE % Calculation

Audinate Group's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	12.089	/	( ( (106.602 - 14.293)	+	(189.474 - 15.249) )	/ 2 )
	=	12.089	/	( (92.309	+	174.225)	/ 2 )
	=	12.089	/	133.267
	=	9.07 %

Audinate Group's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-8.332	/	( ( (189.474 - 15.249)	+	(181.472 - 9.517) )	/ 2 )
	=	-8.332	/	( ( 174.225	+	171.955 )	/ 2 )
	=	-8.332	/	173.09
	=	-4.81 %

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

Audinate Group (ASX:AD8) 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.

Audinate Group ROCE % Related Terms

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Audinate Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Audinate Group Ltd (ASX:AD8) » Definitions » ROCE %

Comparable Companies

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AUDGF:USA

Address

64 Kippax Street, Level 7, Surry Hills, NSW, AUS, 2010

Website

https://www.audinate.com

Audinate is a founder-led networking technology company for the professional AV industry. Audinate's Dante protocol is the world's most widely used protocol for digital audio networking. Nearly 500 OEM brands license the Dante protocol for over 4,000 products. Audinate has also started offering digital networking solutions for video equipment.

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