Brisbane Broncos (ASX:BBL) ROCE % : -16.10% (As of Dec. 2023)

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What is Brisbane Broncos 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. Brisbane Broncos's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.10%.

Brisbane Broncos ROCE % Historical Data

The historical data trend for Brisbane Broncos'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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Brisbane Broncos ROCE % Chart

Brisbane Broncos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-32.22

-47.78

-33.36

-32.72

-31.92

Brisbane Broncos 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															-40.45	-22.85	-41.98	-48.37	-16.10

Brisbane Broncos ROCE % Calculation

Brisbane Broncos'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 )
	=	-14.127	/	( ( (55.036 - 12.85)	+	(58.247 - 11.908) )	/ 2 )
	=	-14.127	/	( (42.186	+	46.339)	/ 2 )
	=	-14.127	/	44.2625
	=	-31.92 %

Brisbane Broncos'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 )
	=	-7.306	/	( ( (57.505 - 13.083)	+	(58.247 - 11.908) )	/ 2 )
	=	-7.306	/	( ( 44.422	+	46.339 )	/ 2 )
	=	-7.306	/	45.3805
	=	-16.10 %

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

Brisbane Broncos (ASX:BBL) 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.

Brisbane Broncos ROCE % Related Terms

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Brisbane Broncos (ASX:BBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Brisbane Broncos Ltd (ASX:BBL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

81 Fulcher Road, Clive Berghofer Centre, Red Hill, Brisbane, QLD, AUS, 4059

Website

https://www.broncos.com.au

Brisbane Broncos Ltd operates in the sport and entertainment businesses, gaming monitoring, and ancillary services businesses. The principal activities of the company are the management and operation of the Brisbane Broncos Rugby League Football teams, a National Rugby League competition participant. It generates revenue from sponsorship sales, merchandise sales and royalties, membership, and others. Geographically, the Group operates in Australia only.