BlueBet Holdings (ASX:BBT) ROCE % : -67.43% (As of Dec. 2023)

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What is BlueBet Holdings 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. BlueBet Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -67.43%.

BlueBet Holdings ROCE % Historical Data

The historical data trend for BlueBet Holdings'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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BlueBet Holdings ROCE % Chart

BlueBet Holdings Annual Data

Trend

Jun22

Jun23

ROCE %

-13.54

-49.37

BlueBet Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-1.63	-24.31	-53.07	-50.07	-67.43

BlueBet Holdings ROCE % Calculation

BlueBet Holdings'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 )
	=	-21.102	/	( ( (58.212 - 11.687)	+	(55.092 - 16.138) )	/ 2 )
	=	-21.102	/	( (46.525	+	38.954)	/ 2 )
	=	-21.102	/	42.7395
	=	-49.37 %

BlueBet Holdings'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 )
	=	-23.292	/	( ( (55.092 - 16.138)	+	(42.955 - 12.819) )	/ 2 )
	=	-23.292	/	( ( 38.954	+	30.136 )	/ 2 )
	=	-23.292	/	34.545
	=	-67.43 %

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

BlueBet Holdings (ASX:BBT) 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.

BlueBet Holdings ROCE % Related Terms

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BlueBet Holdings (ASX:BBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BlueBet Holdings Ltd (ASX:BBT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.

BlueBet Holdings (ASX:BBT) Headlines

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