Oakridge International (ASX:OAK) ROCE % : -72.57% (As of Dec. 2023)

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What is Oakridge International 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. Oakridge International's annualized ROCE % for the quarter that ended in Dec. 2023 was -72.57%.

Oakridge International ROCE % Historical Data

The historical data trend for Oakridge International'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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Oakridge International ROCE % Chart

Oakridge International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-140.72

-15.11

56.65

-27.88

-6.29

Oakridge International 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															-38.82	-13.48	-22.48	8.48	-72.57

Oakridge International ROCE % Calculation

Oakridge International's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.088	/	( ( (2.157 - 0.798)	+	(1.985 - 0.547) )	/ 2 )
	=	-0.088	/	( (1.359	+	1.438)	/ 2 )
	=	-0.088	/	1.3985
	=	-6.29 %

Oakridge International'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 )
	=	-0.91	/	( ( (1.985 - 0.547)	+	(1.525 - 0.455) )	/ 2 )
	=	-0.91	/	( ( 1.438	+	1.07 )	/ 2 )
	=	-0.91	/	1.254
	=	-72.57 %

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

Oakridge International (ASX:OAK) 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.

Oakridge International ROCE % Related Terms

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Oakridge International (ASX:OAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oakridge International Ltd (ASX:OAK) » Definitions » ROCE %

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U9O0:Germany

Address

89 Pirie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.oakridgeint.com

Oakridge International Ltd is an Australian ax (IoT) technology business. It has developed revolutionary technology that allows anyone using their smartphone to connect and control electronic devices, embedded with ADRC (Auto Discovery Remote Control). It serves consumers, manufacturers, retailers, and data centers, as well as the healthcare sector. The company has four operating segments: Technology development, Healthcare technology, Geothermal projects, and Corporate. Geographically, it operates within Australia.