8Common (ASX:8CO) ROCE % : -177.93% (As of Dec. 2023)

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What is 8Common 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. 8Common's annualized ROCE % for the quarter that ended in Dec. 2023 was -177.93%.

8Common ROCE % Historical Data

The historical data trend for 8Common'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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8Common ROCE % Chart

8Common Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-22.19

-14.77

-31.88

-37.71

-64.95

8Common Semi-Annual Data
	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														-28.74	-36.02	-39.05	-91.42	-177.93

8Common ROCE % Calculation

8Common's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.3	/	( ( (8.73 - 1.746)	+	(5.738 - 2.56) )	/ 2 )
	=	-3.3	/	( (6.984	+	3.178)	/ 2 )
	=	-3.3	/	5.081
	=	-64.95 %

8Common'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 )
	=	-3.862	/	( ( (5.738 - 2.56)	+	(4.46 - 3.297) )	/ 2 )
	=	-3.862	/	( ( 3.178	+	1.163 )	/ 2 )
	=	-3.862	/	2.1705
	=	-177.93 %

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

8Common (ASX:8CO) 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.

8Common ROCE % Related Terms

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8Common (ASX:8CO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » 8Common Ltd (ASX:8CO) » Definitions » ROCE %

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Address

333 George Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.8common.com

8Common Ltd is engaged in the business of developing and distributing software. The company distributes two software solutions - expense8, and perform8. Its only operating segment is Productivity and Performance. Expense8 is a Travel and Expense management software solution that manages and streamlines the end-to-end processing of employee-generated expenses. Its Perform8 is a survey and action planning solution that diagnoses and prioritizes areas for improvement across the business. The company's newest software solution is CardHero: which is an integrated fund disbursement and spend management solution.

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