Objective (ASX:OCL) ROCE % : 44.91% (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Objective 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. Objective's annualized ROCE % for the quarter that ended in Dec. 2023 was 44.91%.

Objective ROCE % Historical Data

The historical data trend for Objective'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.

* Premium members only.

Objective ROCE % Chart

Objective Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

33.08

31.12

39.33

37.48

28.11

Objective 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															39.77	38.70	31.78	28.27	44.91

Objective ROCE % Calculation

Objective'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 )
	=	22.006	/	( ( (140.416 - 71.686)	+	(159.852 - 72.01) )	/ 2 )
	=	22.006	/	( (68.73	+	87.842)	/ 2 )
	=	22.006	/	78.286
	=	28.11 %

Objective'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 )
	=	39.942	/	( ( (159.852 - 72.01)	+	(145.531 - 55.506) )	/ 2 )
	=	39.942	/	( ( 87.842	+	90.025 )	/ 2 )
	=	39.942	/	88.9335
	=	44.91 %

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

Objective (ASX:OCL) 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.

Objective ROCE % Related Terms

Thank you for viewing the detailed overview of Objective's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Objective (ASX:OCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Objective Corp Ltd (ASX:OCL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

177 Pacific Highway, Level 30, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.objective.com.au

Objective Corporation is a founder-led technology company providing software and services for compliance with government regulations. Objective's primary business is its content management software for the Australian public sector, which ensures government information can be gathered, located, accessed, supplemented, authored, collaborated on, signed off on, and shared in a compliant manner. Objective also offers products which encompass industry-specific applications of enterprise content management software, such as for assessing building development applications, compiling new regulations and providing ministerial briefs.

Objective (ASX:OCL) Headlines

No Headlines