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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. Allbirds's annualized ROCE % for the quarter that ended in Dec. 2023 was -39.13%.
The historical data trend for Allbirds'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.
Allbirds Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | -10.45 | -20.30 | -14.88 | -23.48 | -35.14 |
Allbirds Quarterly Data | ||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | -22.86 | -32.50 | -30.62 | -33.45 | -39.13 |
Allbirds'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 ) | |||||
= | -118.854 | / | ( ( (462.364 - 50.012) | + | (312.705 - 48.607) ) | / 2 ) | |
= | -118.854 | / | ( (412.352 | + | 264.098) | / 2 ) | |
= | -118.854 | / | 338.225 | ||||
= | -35.14 % |
Allbirds'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -116.012 | / | ( ( (380.052 - 51.244) | + | (312.705 - 48.607) ) | / 2 ) | |
= | -116.012 | / | ( ( 328.808 | + | 264.098 ) | / 2 ) | |
= | -116.012 | / | 296.453 | ||||
= | -39.13 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Allbirds (NAS:BIRD) 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.
Thank you for viewing the detailed overview of Allbirds's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Vernachio | officer: Chief Operating Officer | C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111 |
Ann Mitchell | officer: Chief Financial Officer | C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111 |
Dan Levitan | director, 10 percent owner | 505 FIFTH AVE S, STE 600, SEATTLE WA 98104 |
Michael J Bufano | officer: Chief Financial Officer | C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111 |
Joseph Zwillinger | director, 10 percent owner, officer: Co-Chief Executive Officer | C/O BIG SKY GROWTH PARTNERS, INC., 1201 WESTERN AVENUE, SUITE 406, SEATTLE WA 98101 |
Ann Freeman | director | C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111 |
Timothy O. Brown | director, 10 percent owner, officer: Co-Chief Executive Officer | C/O ALLBIRDS, INC., 730 MONTGOMERY STREET, SAN FRANCISCO CA 94111 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Sachs International Goldman | 10 percent owner | PLUMTREE COURT, 25 SHOE LANE, LONDON X0 EC4A 4AU |
Goldman Sachs & Co. Llc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Maveron Equity Partners V, L.p. | 10 percent owner | 411 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98104 |
Maveron General Partner V, Llc | 10 percent owner | 411 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98104 |
Maveron V Entrepreneurs' Fund, L.p. | 10 percent owner | 411 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98104 |
Mep Associates V, L.p. | 10 percent owner | 411 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98104 |
Neil Harris Blumenthal | director | C/O WARBY PARKER INC., 233 SPRING STREET, 6TH FLOOR, NEW YORK NY 10013 |
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