Ecofibre (ASX:EOF) ROCE % : -71.39% (As of Dec. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Ecofibre 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. Ecofibre's annualized ROCE % for the quarter that ended in Dec. 2024 was -71.39%.

Ecofibre ROCE % Historical Data

The historical data trend for Ecofibre'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.

Ecofibre ROCE % Chart

Ecofibre Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

Get a 7-Day Free Trial

18.05

-5.71

-11.81

-20.32

-45.17

Ecofibre Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial								-32.64	-5.50	-107.99	28.97	-71.39

Ecofibre ROCE % Calculation

Ecofibre'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 )
	=	-36.271	/	( ( (119.692 - 9.575)	+	(71.247 - 20.776) )	/ 2 )
	=	-36.271	/	( (110.117	+	50.471)	/ 2 )
	=	-36.271	/	80.294
	=	-45.17 %

Ecofibre's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-32.928	/	( ( (71.247 - 20.776)	+	(58.041 - 16.261) )	/ 2 )
	=	-32.928	/	( ( 50.471	+	41.78 )	/ 2 )
	=	-32.928	/	46.1255
	=	-71.39 %

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

Ecofibre (ASX:EOF) 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.

Ecofibre ROCE % Related Terms

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

Ecofibre Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ecofibre Ltd (ASX:EOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.ecofibre.com

Ecofibre Ltd is a provider of hemp products in the United States and Australia. It is engaged in six segments based on differences in products and services provided: Ecofibre Advanced Technologies, Ananda Health, Ecofibre Genetics, Corporate, EOF Bio and Ananda Food. It derives maximum revenue from Ecofibre Advanced Technologies segment. Ecofibre Advanced Technologies involves Advanced manufacturing business with specialist capabilities in performance yarn extrusion, polymer compounding and textiles manufactured in the United States.

Ecofibre Headlines

No Headlines