Blackbird (LSE:BIRD) ROCE % : -17.95% (As of Dec. 2023)

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What is Blackbird 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. Blackbird's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.95%.

Blackbird ROCE % Historical Data

The historical data trend for Blackbird'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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Blackbird ROCE % Chart

Blackbird Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-29.39

-22.90

-20.99

-16.48

-25.96

Blackbird Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-19.86	-10.09	-22.87	-34.08	-17.95

Blackbird ROCE % Calculation

Blackbird'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 )
	=	-2.599	/	( ( (12.529 - 1.299)	+	(9.902 - 1.107) )	/ 2 )
	=	-2.599	/	( (11.23	+	8.795)	/ 2 )
	=	-2.599	/	10.0125
	=	-25.96 %

Blackbird'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 )
	=	-1.65	/	( ( (10.646 - 1.053)	+	(9.902 - 1.107) )	/ 2 )
	=	-1.65	/	( ( 9.593	+	8.795 )	/ 2 )
	=	-1.65	/	9.194
	=	-17.95 %

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

Blackbird (LSE: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.

Blackbird ROCE % Related Terms

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Blackbird (LSE:BIRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Blackbird PLC (LSE:BIRD) » Definitions » ROCE %

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BBRDF:USA

Address

27-37 St George’s Road, Tuition House, Wimbledon, London, GBR, SW19 4EU

Website

https://www.blackbird.video

Blackbird PLC operates in the SaaS and cloud video market. It has created Blackbird, a suite of cloud-native computing applications for video. Its patented technology allows for frame-accurate navigation, playback, viewing and editing in the cloud. Blackbird enables multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, esports, live events and content owners, post-production houses, other mass-market digital video channels and corporations. Enabling video companies to accelerate their path to true cloud business models, licensees benefit from the power and carbon reductions, cost and time savings, less hardware and bandwidth requirements and easy scalability. The company manages business as a single business segment.