Audeara (ASX:AUA) ROCE % : -191.96% (As of Jun. 2024)

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What is Audeara 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. Audeara's annualized ROCE % for the quarter that ended in Jun. 2024 was -191.96%.

Audeara ROCE % Historical Data

The historical data trend for Audeara'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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Audeara ROCE % Chart

Audeara Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-19.12

-57.72

-99.24

-117.31

Audeara Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-75.35	-79.29	-88.94	-69.38	-191.96

Audeara ROCE % Calculation

Audeara'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 )
	=	-2.867	/	( ( (4.735 - 1.474)	+	(4.888 - 3.261) )	/ 2 )
	=	-2.867	/	( (3.261	+	1.627)	/ 2 )
	=	-2.867	/	2.444
	=	-117.31 %

Audeara'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 )
	=	-3.794	/	( ( (3.681 - 1.355)	+	(4.888 - 3.261) )	/ 2 )
	=	-3.794	/	( ( 2.326	+	1.627 )	/ 2 )
	=	-3.794	/	1.9765
	=	-191.96 %

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

Audeara (ASX:AUA) 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.

Audeara ROCE % Related Terms

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Audeara Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Audeara Ltd (ASX:AUA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

527 Gregory Terrace, Level 1, North Tower, Fortitude Valley, QLD, AUS, 4006

Website

https://www.audeara.com

Audeara Ltd is engaged in the development and commercialization of headphones and hearing health technology products. The company offers engineering services and manufacturing devices on behalf of third party brands. Its product includes Audeara A-01 Headphones, A-02 TV Bundle, A-02 Headphones, BT-01 TV Transceiver. The company is engaged in single segment, which is the development of hearing health technology. The company derives revenue geographically from Australia, Europe, and North America, where the majority is derived from Australia.

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