BurgerFi International (BurgerFi International) ROCE % : -9.40% (As of Mar. 2024)

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What is BurgerFi International 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. BurgerFi International's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.40%.

BurgerFi International ROCE % Historical Data

The historical data trend for BurgerFi International'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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BurgerFi International ROCE % Chart

BurgerFi International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.85

0.53

-41.78

-35.97

-10.75

BurgerFi International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-12.01	-6.47	-4.74	-16.91	-9.40

BurgerFi International ROCE % Calculation

BurgerFi International'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 )
	=	-22.156	/	( ( (276.78 - 40.203)	+	(258.476 - 82.692) )	/ 2 )
	=	-22.156	/	( (236.577	+	175.784)	/ 2 )
	=	-22.156	/	206.1805
	=	-10.75 %

BurgerFi International's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-16.244	/	( ( (258.476 - 82.692)	+	(252.608 - 82.598) )	/ 2 )
	=	-16.244	/	( ( 175.784	+	170.01 )	/ 2 )
	=	-16.244	/	172.897
	=	-9.40 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

BurgerFi International (NAS:BFIIW) 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.

BurgerFi International ROCE % Related Terms

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BurgerFi International (BurgerFi International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » BurgerFi International Inc (NAS:BFIIW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BFI:USA

Address

200 West Cypress Creek Road, Suite 220, Fort Lauderdale, FL, USA, 33309

Website

https://www.burgerfi.com

BurgerFi International Inc operates a fast food restaurant chain in domestic and international market. The company has approximately 114 BurgerFi restaurants. It offers a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more.