Peppermint Innovation (ASX:PIL) ROCE % : -168.74% (As of Dec. 2023)

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What is Peppermint Innovation 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. Peppermint Innovation's annualized ROCE % for the quarter that ended in Dec. 2023 was -168.74%.

Peppermint Innovation ROCE % Historical Data

The historical data trend for Peppermint Innovation'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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Peppermint Innovation ROCE % Chart

Peppermint Innovation Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-150.22

-88.71

-62.88

Peppermint Innovation 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															-72.09	-67.99	-55.40	-76.73	-168.74

Peppermint Innovation ROCE % Calculation

Peppermint Innovation'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 )
	=	-2.438	/	( ( (5.82 - 0.728)	+	(3.462 - 0.799) )	/ 2 )
	=	-2.438	/	( (5.092	+	2.663)	/ 2 )
	=	-2.438	/	3.8775
	=	-62.88 %

Peppermint Innovation'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 )
	=	-3.142	/	( ( (3.462 - 0.799)	+	(2.195 - 1.134) )	/ 2 )
	=	-3.142	/	( ( 2.663	+	1.061 )	/ 2 )
	=	-3.142	/	1.862
	=	-168.74 %

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

Peppermint Innovation (ASX:PIL) 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.

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Peppermint Innovation (ASX:PIL) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Peppermint Innovation Ltd (ASX:PIL) » Definitions » ROCE %

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Address

300 Murray Street, Off Raine Lane, Level 2 East, The Wentworth Building, Perth, WA, AUS, 6000

Website

https://www.pepltd.com.au

Peppermint Innovation Ltd focused on the commercialisation, deployment, and further development of the Peppermint Platform which is focused on the development of a proprietary financial technology solution aimed at delivering financial inclusion to the unbanked and underbanked, facilitating mobile micro business enterprise and providing consumer convenience. The Company operates in three segments: Mobile Banking and Payment Services, which is the key revenue generator; International Remittance; corporate and Head Office.

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