Butterfly Network (Butterfly Network) ROCE % : -34.15% (As of Mar. 2024)

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What is Butterfly Network 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. Butterfly Network's annualized ROCE % for the quarter that ended in Mar. 2024 was -34.15%.

Butterfly Network ROCE % Historical Data

The historical data trend for Butterfly Network'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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Butterfly Network ROCE % Chart

Butterfly Network Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-208.48

-10.55

-37.97

-42.67

Butterfly Network Quarterly Data
	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													-38.06	-38.15	-36.03	-64.31	-34.15

Butterfly Network ROCE % Calculation

Butterfly Network'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 )
	=	-133.618	/	( ( (417.57 - 51.329)	+	(304.274 - 44.271) )	/ 2 )
	=	-133.618	/	( (366.241	+	260.003)	/ 2 )
	=	-133.618	/	313.122
	=	-42.67 %

Butterfly Network'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 )
	=	-85.832	/	( ( (304.274 - 44.271)	+	(284.288 - 41.542) )	/ 2 )
	=	-85.832	/	( ( 260.003	+	242.746 )	/ 2 )
	=	-85.832	/	251.3745
	=	-34.15 %

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

Butterfly Network (NYSE:BFLY.WS) 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.

Butterfly Network ROCE % Related Terms

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Butterfly Network (Butterfly Network) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Butterfly Network Inc (NYSE:BFLY.WS) » Definitions » ROCE %

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BFLY:USA

Address

1600 District Avenue, Guilford, Burlington, MA, USA, 01803

Website

https://www.butterflynetwork.com

Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Powered by its proprietary Ultrasound-on-Chip technology, its solution enables the acquisition of imaging information from an affordable, powerful device that fits in a healthcare professional's pocket with a combination of cloud-connected software and hardware technology that is easily accessed through a mobile application. Butterfly enables the practical application of ultrasound information in the clinical workflow. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology. With its small, handheld size, low cost, and simple user interface.