BridgeaS (ASX:BGE) ROCE % : -43.42% (As of Dec. 2023)

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What is BridgeaS 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. BridgeaS's annualized ROCE % for the quarter that ended in Dec. 2023 was -43.42%.

BridgeaS ROCE % Historical Data

The historical data trend for BridgeaS'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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BridgeaS ROCE % Chart

BridgeaS Annual Data

Trend

Jun23

ROCE %

-331.34

BridgeaS Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
ROCE %	-	-39.48	-233.43	-43.42

BridgeaS ROCE % Calculation

BridgeaS'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: . 20 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: . 20 )		(A: Jun. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

BridgeaS'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 )
	=	-1.034	/	( ( (2.068 - 0.715)	+	(3.85 - 0.44) )	/ 2 )
	=	-1.034	/	( ( 1.353	+	3.41 )	/ 2 )
	=	-1.034	/	2.3815
	=	-43.42 %

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

BridgeaS (ASX:BGE) 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.

BridgeaS ROCE % Related Terms

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BridgeaS (ASX:BGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bridge SaaS Ltd (ASX:BGE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 The Esplanade, Level 15, Exchange Tower, Perth, WA, AUS, 6000

Website

https://www.bridge.website

Bridge SaaS Ltd provides Software-as-a-Service (SaaS) based Customer Relationship Management (CRM) and workflow solutions to employment, care, and support industries. The Bridge Software is a single platform that simplifies the data, compliance, and documentary evidence requirements of government-funded programs through a unified user interface.

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