Airtasker (ASX:ART) ROCE % : -1.50% (As of Dec. 2023)

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What is Airtasker 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. Airtasker's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.50%.

Airtasker ROCE % Historical Data

The historical data trend for Airtasker'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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Airtasker ROCE % Chart

Airtasker Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-21.74

-49.76

-33.57

Airtasker Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-28.14	-73.17	-40.98	-26.94	-1.50

Airtasker ROCE % Calculation

Airtasker'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 )
	=	-12.836	/	( ( (54.84 - 16.702)	+	(50.969 - 12.627) )	/ 2 )
	=	-12.836	/	( (38.138	+	38.342)	/ 2 )
	=	-12.836	/	38.24
	=	-33.57 %

Airtasker'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.576	/	( ( (50.969 - 12.627)	+	(48.519 - 10.275) )	/ 2 )
	=	-0.576	/	( ( 38.342	+	38.244 )	/ 2 )
	=	-0.576	/	38.293
	=	-1.50 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Airtasker (ASX:ART) 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.

Airtasker ROCE % Related Terms

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Airtasker (ASX:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Airtasker Ltd (ASX:ART) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-28 Campbell Street, Level 6, Haymarket, NSW, AUS, 2000

Website

https://www.airtasker.com

Airtasker Ltd is a community platform that connects people who need to outsource tasks and find local services, with people who are looking to earn money and ready to work. It helps to complete home cleaning, handyman jobs, admin work, photography, graphic design or even build a website. The company generates revenue from service fees and stored value brokerage.

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