Odd Burger (FRA:IA9) ROCE % : -27.19% (As of Jun. 2024)

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What is Odd Burger 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. Odd Burger's annualized ROCE % for the quarter that ended in Jun. 2024 was -27.19%.

Odd Burger ROCE % Historical Data

The historical data trend for Odd Burger'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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Odd Burger ROCE % Chart

Odd Burger Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-465.71

-104.50

-187.30

Odd Burger Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial													-132.92	-393.25	-84.88	-154.37	-27.19

Odd Burger ROCE % Calculation

Odd Burger's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-2.965	/	( ( (3.955 - 1.442)	+	(3.061 - 2.408) )	/ 2 )
	=	-2.965	/	( (2.513	+	0.653)	/ 2 )
	=	-2.965	/	1.583
	=	-187.30 %

Odd Burger's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.104	/	( ( (3.129 - 2.678)	+	(2.907 - 2.593) )	/ 2 )
	=	-0.104	/	( ( 0.451	+	0.314 )	/ 2 )
	=	-0.104	/	0.3825
	=	-27.19 %

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

Odd Burger (FRA:IA9) 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.

Odd Burger ROCE % Related Terms

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Odd Burger Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Odd Burger Corp (FRA:IA9) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ODDAF:USA ODD:Canada

Address

505 Consortium Court, London, ON, CAN, N6E 2S8

Website

https://www.oddburger.com

Odd Burger Corp is a plant based food technology company that manufactures and distributes plant-based protein and dairy alternatives using locally sourced and sustainable ingredients. It distributes its products through a proprietary food service line to company-owned and franchised fast-food restaurant locations. Its restaurant locations operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. The company operates a manufacturing facility and has restaurant locations in Canada.

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