EDU Holdings (ASX:EDU) ROCE % : -14.06% (As of Dec. 2023)

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What is EDU 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. EDU Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.06%.

EDU Holdings ROCE % Historical Data

The historical data trend for EDU 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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EDU Holdings ROCE % Chart

EDU Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

ROCE %

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8.82

-17.74

-4.53

-52.16

-13.45

EDU Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															8.07	-20.34	-23.64	-12.15	-14.06

EDU Holdings ROCE % Calculation

EDU Holdings'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 )
	=	-3.613	/	( ( (38.909 - 8.875)	+	(33.301 - 9.595) )	/ 2 )
	=	-3.613	/	( (30.034	+	23.706)	/ 2 )
	=	-3.613	/	26.87
	=	-13.45 %

EDU 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 )
	=	-3.67	/	( ( (40.889 - 12.387)	+	(33.301 - 9.595) )	/ 2 )
	=	-3.67	/	( ( 28.502	+	23.706 )	/ 2 )
	=	-3.67	/	26.104
	=	-14.06 %

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

EDU Holdings (ASX:EDU) 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.

EDU Holdings ROCE % Related Terms

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EDU Holdings (ASX:EDU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » EDU Holdings Ltd (ASX:EDU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 York Street, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.eduholdings.com.au

EDU Holdings Ltd is engaged in the provision of education services. The company offers accredited vocational education to the student market in the areas of fitness, sport and recreation management, massage therapy, and dance teaching. EDU currently has two wholly-owned operating businesses: Australian Learning Group Pty Limited and Proteus Technologies Pty Ltd trading as Ikon Institute of Australia. The business operates from campuses in Sydney, Melbourne, Brisbane and Perth.