Engage XR Holdings (LSE:EXR) ROCE % : -39.47% (As of Dec. 2023)

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What is Engage XR Holdings 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. Engage XR Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -39.47%.

Engage XR Holdings ROCE % Historical Data

The historical data trend for Engage XR Holdings'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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Engage XR Holdings ROCE % Chart

Engage XR Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-49.58

-95.84

-53.40

-111.65

-73.19

Engage XR Holdings Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-39.04	-79.09	-159.44	-67.97	-39.47

Engage XR Holdings ROCE % Calculation

Engage XR Holdings'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 )
	=	-3.489	/	( ( (3.227 - 1.07)	+	(7.952 - 0.575) )	/ 2 )
	=	-3.489	/	( (2.157	+	7.377)	/ 2 )
	=	-3.489	/	4.767
	=	-73.19 %

Engage XR Holdings'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 )
	=	-3.21	/	( ( (9.446 - 0.557)	+	(7.952 - 0.575) )	/ 2 )
	=	-3.21	/	( ( 8.889	+	7.377 )	/ 2 )
	=	-3.21	/	8.133
	=	-39.47 %

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

Engage XR Holdings (LSE:EXR) 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.

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Engage XR Holdings (LSE:EXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Engage XR Holdings PLC (LSE:EXR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6VR:Germany

Address

Old Kilmeaden Road, Unit 9 Cleaboy Business Park, Waterford, IRL, X91 AX83

Website

https://www.engagevr.io

Engage XR Holdings PLC operates as a virtual reality software and technology company in Ireland. It is engaged in the development of the educational Virtual Reality platform - ENGAGE. The company also develops and sells online virtual social learning and presentation platforms for creating, sharing, and delivering proprietary and third-party VR content for educational and corporate training purposes. Its products include ENGAGE platform, 1943 Berlin Blitz, Titanic VR, Apollo 11 VR, and RCSI medical training app.