Xref (ASX:XF1) ROCE % : -532.60% (As of Dec. 2023)

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What is Xref 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. Xref's annualized ROCE % for the quarter that ended in Dec. 2023 was -532.60%.

Xref ROCE % Historical Data

The historical data trend for Xref'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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Xref ROCE % Chart

Xref Annual Data

Trend

Mar14

Mar15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-328.88

-1,789.32

-123.14

28.00

-46.90

Xref Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.09	38.80	-38.63	-53.93	-532.60

Xref ROCE % Calculation

Xref'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 )
	=	-2.724	/	( ( (20.174 - 14.071)	+	(22.899 - 17.385) )	/ 2 )
	=	-2.724	/	( (6.103	+	5.514)	/ 2 )
	=	-2.724	/	5.8085
	=	-46.90 %

Xref'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 )
	=	-6.78	/	( ( (22.899 - 17.385)	+	(17.911 - 20.879) )	/ 2 )
	=	-6.78	/	( ( 5.514	+	-2.968 )	/ 2 )
	=	-6.78	/	1.273
	=	-532.60 %

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

Xref (ASX:XF1) 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.

Xref ROCE % Related Terms

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Xref (ASX:XF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xref Ltd (ASX:XF1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Hickson Road, Suite 13, Level 3, Dawes Point, Sydney, NSW, AUS, 2000

Website

https://www.xref.com

Xref Ltd is a human resources technology company that automates the candidate reference process for employers. It is involved in leveraging databases to provide predictive analytics that enables human resource directors to make data-driven decisions. The company transforms the phone-based, manual procedure into a cloud-based, electronic process. It requests referee information from the candidate and gathers other information, analyses the candidate, and provides the report. Geographically, it derives a majority of its revenue from Australia and also has a presence in Canada; the United Kingdom; Norway; New Zealand, and the United States.

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