RocketDNA (ASX:RKT) ROCE % : -38.72% (As of Dec. 2023)

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What is RocketDNA 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. RocketDNA's annualized ROCE % for the quarter that ended in Dec. 2023 was -38.72%.

RocketDNA ROCE % Historical Data

The historical data trend for RocketDNA'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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RocketDNA ROCE % Chart

RocketDNA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-252.42

-0.09

-16.58

-32.75

-30.15

RocketDNA Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							-6.27	-33.84	-31.34	-25.65	-38.72

RocketDNA ROCE % Calculation

RocketDNA'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 )
	=	-1.717	/	( ( (6.971 - 1.088)	+	(6.808 - 1.301) )	/ 2 )
	=	-1.717	/	( (5.883	+	5.507)	/ 2 )
	=	-1.717	/	5.695
	=	-30.15 %

RocketDNA'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 )
	=	-2.038	/	( ( (6.065 - 1.046)	+	(6.808 - 1.301) )	/ 2 )
	=	-2.038	/	( ( 5.019	+	5.507 )	/ 2 )
	=	-2.038	/	5.263
	=	-38.72 %

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

RocketDNA (ASX:RKT) 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.

RocketDNA ROCE % Related Terms

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RocketDNA (ASX:RKT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Thomas Street, Subiaco, WA, AUS, 6008

Website

https://www.rocketdna.com

RocketDNA Ltd is engaged in the business of civilian drones for professional use. It provides aerial surveying and mapping, security and surveillance, and blast monitoring and fragment analysis through a fully-outsourced service and fast data turnaround that allows enterprise customers to focus on the mining, agricultural, and engineering industries. Its geographical segments include Australia, South Africa, and Israel, of which South Africa generates the majority of the revenue.