Ryde Group (Ryde Group) ROCE % : 0.00% (As of Dec. 2023)

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What is Ryde Group 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. Ryde Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Ryde Group ROCE % Historical Data

The historical data trend for Ryde Group'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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Ryde Group ROCE % Chart

Ryde Group Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

Ryde Group Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-	-	-

Ryde Group ROCE % Calculation

Ryde Group'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 )
	=	-9.326	/	( ( (3.198 - 3.128)	+	(3.901 - 9.449) )	/ 2 )
	=	-9.326	/	( (0.07	+	-5.548)	/ 2 )
	=	-9.326	/	-2.739
	=	340.49 %

Ryde Group'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-9.326	/	( ( (3.198 - 3.128)	+	(3.901 - 9.449) )	/ 2 )
	=	-9.326	/	( ( 0.07	+	-5.548 )	/ 2 )
	=	-9.326	/	-2.739
	=	0 %

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

Ryde Group (AMEX:RYDE) 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.

Ryde Group ROCE % Related Terms

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Ryde Group (Ryde Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

D0S:Germany

Address

No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352

Website

https://www.rydesharing.com

Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.

Ryde Group (Ryde Group) Headlines

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