Orcoda (ASX:ODA) ROCE % : 4.07% (As of Jun. 2024)

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What is Orcoda 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. Orcoda's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.07%.

Orcoda ROCE % Historical Data

The historical data trend for Orcoda'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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Orcoda ROCE % Chart

Orcoda Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-28.12

-4.16

1.68

3.50

6.27

Orcoda 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															-7.35	-4.94	11.51	8.46	4.07

Orcoda ROCE % Calculation

Orcoda'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 )
	=	1.222	/	( ( (22.391 - 3.547)	+	(24.842 - 4.713) )	/ 2 )
	=	1.222	/	( (18.844	+	20.129)	/ 2 )
	=	1.222	/	19.4865
	=	6.27 %

Orcoda'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 )
	=	0.812	/	( ( (24.287 - 4.521)	+	(24.842 - 4.713) )	/ 2 )
	=	0.812	/	( ( 19.766	+	20.129 )	/ 2 )
	=	0.812	/	19.9475
	=	4.07 %

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

Orcoda (ASX:ODA) 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.

Orcoda ROCE % Related Terms

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Orcoda Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Orcoda Ltd (ASX:ODA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Navigator Place, Unit 11, Hendra, QLD, AUS, 4011

Website

https://www.orcoda.com

Orcoda Ltd is an Australian-based technology and software company. It has two operating segments: Infrastructure Services and Transport Technology. It generates maximum revenue from the Infrastructure Services segment. The group offers transport software solutions and fleet management solutions to transportation and healthcare transport providers to manage and optimise their fleet operations. The company is also engaged in the provision of smart and traditional infrastructure, communications, and electrical contracting services in line with smart city vision, and the sale, implementation, and support of workforce software solutions, combined with management expertise and/or contracting services, to infrastructure and resources companies.

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