Codeifai (ASX:CDE) ROCE % : -154.27% (As of Jun. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Codeifai 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. Codeifai's annualized ROCE % for the quarter that ended in Jun. 2024 was -154.27%.

Codeifai ROCE % Historical Data

The historical data trend for Codeifai'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.

Codeifai ROCE % Chart

Codeifai Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-129.76

-218.83

-65.40

-66.49

-103.90

Codeifai Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-114.34	-33.42	-32.60	-152.77	-154.27

Codeifai ROCE % Calculation

Codeifai's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-3.17	/	( ( (7.375 - 3.055)	+	(6.389 - 4.607) )	/ 2 )
	=	-3.17	/	( (4.32	+	1.782)	/ 2 )
	=	-3.17	/	3.051
	=	-103.90 %

Codeifai'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 )
	=	-3.626	/	( ( (6.389 - 4.607)	+	(6.072 - 3.153) )	/ 2 )
	=	-3.626	/	( ( 1.782	+	2.919 )	/ 2 )
	=	-3.626	/	2.3505
	=	-154.27 %

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

Codeifai (ASX:CDE) 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.

Codeifai ROCE % Related Terms

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

Codeifai Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Codeifai Ltd (ASX:CDE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

126 Philip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.connectqr.ai

Codeifai Ltd is engaged in sales, marketing, and developer of consumer engagement solutions to brand owners centered around the generation and management of QR codes through its website which is the Company's QR code management platform Connect(TM). The Group is categorized as a bundled complete solution offering that encompasses products and services which are available to customers, including a Digital engagement platform, Covert forensic products and Brand protection labelling solutions. The company operates in Australia, the People's Republic of China, Thailand and the United States of America. It derives maximum revenue from Australia.