Serko (ASX:SKO) ROCE % : -10.62% (As of Sep. 2023)

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What is Serko 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. Serko's annualized ROCE % for the quarter that ended in Sep. 2023 was -10.62%.

Serko ROCE % Historical Data

The historical data trend for Serko'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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Serko ROCE % Chart

Serko Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.24

-20.33

-33.87

-27.78

-21.50

Serko Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial														-32.05	-33.19	-26.14	-16.96	-10.62

Serko ROCE % Calculation

Serko's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-28.27	/	( ( (155.708 - 12.387)	+	(131.032 - 11.383) )	/ 2 )
	=	-28.27	/	( (143.321	+	119.649)	/ 2 )
	=	-28.27	/	131.485
	=	-21.50 %

Serko'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-12.396	/	( ( (131.032 - 11.383)	+	(126.802 - 13.067) )	/ 2 )
	=	-12.396	/	( ( 119.649	+	113.735 )	/ 2 )
	=	-12.396	/	116.692
	=	-10.62 %

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

Serko (ASX:SKO) 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.

Serko ROCE % Related Terms

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Serko (ASX:SKO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SKO:New Zealand

Address

125 The Strand Parnell, Unit 14D, Saatchi Building, Auckland, NZL, 1010

Website

https://www.serko.com

Serko Ltd is engaged in the provisioning of computer software solutions for corporate travel. The company's products are Serko Online and Serko Expense which are cloud-based enterprise-grade solutions that help corporates manage their travel and expense programs. Geographically, it derives a majority of revenue from Australia and also has a presence in New Zealand, US, India, Singapore and Other. The company generates revenue from Serko Online, Serko Zeno, Serko Mobile, and Serko Expense technology platforms.

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