BirdDog Technology (ASX:BDT) ROCE % : -27.29% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is BirdDog Technology 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. BirdDog Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was -27.29%.

BirdDog Technology ROCE % Historical Data

The historical data trend for BirdDog Technology'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.

* Premium members only.

BirdDog Technology ROCE % Chart

BirdDog Technology Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-0.81

-10.78

BirdDog Technology Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	6.56	-8.13	-6.87	-14.40	-27.29

BirdDog Technology ROCE % Calculation

BirdDog Technology'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 )
	=	-4.785	/	( ( (50.18 - 2.724)	+	(43.19 - 1.901) )	/ 2 )
	=	-4.785	/	( (47.456	+	41.289)	/ 2 )
	=	-4.785	/	44.3725
	=	-10.78 %

BirdDog Technology'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 )
	=	-10.386	/	( ( (43.19 - 1.901)	+	(37.643 - 2.82) )	/ 2 )
	=	-10.386	/	( ( 41.289	+	34.823 )	/ 2 )
	=	-10.386	/	38.056
	=	-27.29 %

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

BirdDog Technology (ASX:BDT) 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.

BirdDog Technology ROCE % Related Terms

Thank you for viewing the detailed overview of BirdDog Technology's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

BirdDog Technology (ASX:BDT) Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

1-9 Sackville Street, Level 4, Collingwood, VIC, AUS, 3066

Website

https://www.bird-dog.tv

BirdDog Technology Ltd is a developer and manufacturer of audio-visual and video technology, which enhances the quality, speed, and flexibility of video through a range of solutions. Geographically the majority of its product sale is derived from the North America region.

BirdDog Technology (ASX:BDT) Headlines

No Headlines