Zoomd Technologies (TSXV:ZOMD) ROCE % : -2.81% (As of Sep. 2023)

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What is Zoomd Technologies 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. Zoomd Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -2.81%.

Zoomd Technologies ROCE % Historical Data

The historical data trend for Zoomd Technologies'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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Zoomd Technologies ROCE % Chart

Zoomd Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-84.29

-52.82

-33.92

18.04

-16.81

Zoomd Technologies Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-34.36	-51.05	-97.05	-16.93	-2.81

Zoomd Technologies ROCE % Calculation

Zoomd Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.486	/	( ( (34.016 - 14.102)	+	(33.9 - 12.33) )	/ 2 )
	=	-3.486	/	( (19.914	+	21.57)	/ 2 )
	=	-3.486	/	20.742
	=	-16.81 %

Zoomd Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.424	/	( ( (26.681 - 11.543)	+	(24.092 - 9.044) )	/ 2 )
	=	-0.424	/	( ( 15.138	+	15.048 )	/ 2 )
	=	-0.424	/	15.093
	=	-2.81 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Zoomd Technologies (TSXV:ZOMD) 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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Zoomd Technologies (TSXV:ZOMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Zoomd Technologies Ltd (TSXV:ZOMD) » Definitions » ROCE %

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ZMDTF:USA 3ZD:Germany

Address

333 Bay Street, Suite 3400, Toronto, ON, CAN, V7Y 1B3

Website

https://www.zoomd.com

Zoomd Technologies Ltd has developed a proprietary patented technology that targets the needs of many segments of the digital marketing industry. It focuses on efficient user acquisition for companies and products aimed at mobile users. The Company leverages onsite search providing increased monetization and engagement for publishers as well as more efficient management of digital advertising budgets for media agencies and advertisers, targeting usually mobile app user acquisition.

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