AdRabbit (ASX:RAB) ROCE % : 0.00% (As of Sep. 2023)

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What is AdRabbit 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. AdRabbit's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

AdRabbit ROCE % Historical Data

The historical data trend for AdRabbit'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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AdRabbit ROCE % Chart

AdRabbit Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-184.78

-334.16

AdRabbit Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial												-	-	-	-	-

AdRabbit ROCE % Calculation

AdRabbit's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.864	/	( ( (0.506 - 3.104)	+	(0.181 - 1.363) )	/ 2 )
	=	-3.864	/	( (-2.598	+	-1.182)	/ 2 )
	=	-3.864	/	-1.89
	=	204.44 %

AdRabbit's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.596	/	( ( (0.203 - 1.439)	+	(0.166 - 1.635) )	/ 2 )
	=	-0.596	/	( ( -1.236	+	-1.469 )	/ 2 )
	=	-0.596	/	-1.3525
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

AdRabbit (ASX:RAB) 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.

AdRabbit ROCE % Related Terms

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AdRabbit (ASX:RAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AdRabbit Ltd (ASX:RAB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RABI:Canada

Address

c/o Automic Group, 126 Philip Street, Level 5, Perth, WA, AUS, 2000

Website

https://www.ad-rabbit.com

AdRabbit Ltd provides an easy and inexpensive SaaS solution that allows small-to-medium businesses to create and manage their own mobile application as a means of connecting with their customers and growing their business. The Company's main product offerings allow SMBs to automate the creation and management of apps and digital marketing campaigns for their businesses. Its technology has automated the design, development, maintenance, and marketing of mobile apps, allowing any business to build, preview and launch their own application without having any code writing or digital marketing knowledge.

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