Mobilicom (ASX:MOB) ROCE % : -68.92% (As of Dec. 2023)

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What is Mobilicom 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. Mobilicom's annualized ROCE % for the quarter that ended in Dec. 2023 was -68.92%.

Mobilicom ROCE % Historical Data

The historical data trend for Mobilicom'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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Mobilicom ROCE % Chart

Mobilicom Annual Data

Trend

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-65.80

-59.81

-68.04

-2.31

-44.45

Mobilicom Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									-76.93	-109.34	32.08	-24.15	-68.92

Mobilicom ROCE % Calculation

Mobilicom'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 )
	=	-6.695	/	( ( (21.206 - 3.04)	+	(15.933 - 3.976) )	/ 2 )
	=	-6.695	/	( (18.166	+	11.957)	/ 2 )
	=	-6.695	/	15.0615
	=	-44.45 %

Mobilicom'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 )
	=	-9.36	/	( ( (18.296 - 3.09)	+	(15.933 - 3.976) )	/ 2 )
	=	-9.36	/	( ( 15.206	+	11.957 )	/ 2 )
	=	-9.36	/	13.5815
	=	-68.92 %

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

Mobilicom (ASX:MOB) 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.

Mobilicom ROCE % Related Terms

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Mobilicom (ASX:MOB) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mobilicom Ltd (ASX:MOB) » Definitions » ROCE %

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MOBBW:USA MOB:USA

Address

1 Rakefet Street, Shoham, ISR, 6083705

Website

https://www.mobilicom-ltd.com.au

Mobilicom Ltd is a provider of cybersecurity and smart solutions for drones, robotics & autonomous platforms. As a high-tech company, it designs, develops, and delivers smart solutions targeting global drone, robotics, and autonomous system manufacturers.