Echo IQ (ASX:EIQ) ROCE % : -91.49% (As of Jun. 2024)

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What is Echo IQ 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. Echo IQ's annualized ROCE % for the quarter that ended in Jun. 2024 was -91.49%.

Echo IQ ROCE % Historical Data

The historical data trend for Echo IQ'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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Echo IQ ROCE % Chart

Echo IQ Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-198.44

-46.13

-70.01

-98.65

-92.95

Echo IQ 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															-63.68	-107.29	-72.43	-97.52	-91.49

Echo IQ ROCE % Calculation

Echo IQ's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-6.601	/	( ( (10.384 - 2.949)	+	(8.256 - 1.488) )	/ 2 )
	=	-6.601	/	( (7.435	+	6.768)	/ 2 )
	=	-6.601	/	7.1015
	=	-92.95 %

Echo IQ'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 )
	=	-6.234	/	( ( (7.987 - 1.127)	+	(8.256 - 1.488) )	/ 2 )
	=	-6.234	/	( ( 6.86	+	6.768 )	/ 2 )
	=	-6.234	/	6.814
	=	-91.49 %

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

Echo IQ (ASX:EIQ) 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.

Echo IQ ROCE % Related Terms

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Echo IQ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Echo IQ Ltd (ASX:EIQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

477 Pitt Street, Suite 2.114, Sydney, NSW, AUS, 2000

Website

https://www.echoiq.ai

Echo IQ Ltd is a software company operating in Australia. The business activities of the company includes product development, marketing, and commercialization of software products and services in Australia. The company has three reportable segment which are Houston We Have Software segment, Echo IQ segment and Prometheus Information segment.

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