Boom Logistics (ASX:BOL) ROCE % : 8.07% (As of Dec. 2023)

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What is Boom Logistics 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. Boom Logistics's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.07%.

Boom Logistics ROCE % Historical Data

The historical data trend for Boom Logistics'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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Boom Logistics ROCE % Chart

Boom Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-0.93

-6.23

2.45

4.51

-2.57

Boom Logistics 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															6.25	2.76	2.63	-7.47	8.07

Boom Logistics ROCE % Calculation

Boom Logistics'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 )
	=	-3.314	/	( ( (190.784 - 62.03)	+	(207.285 - 77.977) )	/ 2 )
	=	-3.314	/	( (128.754	+	129.308)	/ 2 )
	=	-3.314	/	129.031
	=	-2.57 %

Boom Logistics'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 )
	=	11.088	/	( ( (207.285 - 77.977)	+	(216.152 - 70.742) )	/ 2 )
	=	11.088	/	( ( 129.308	+	145.41 )	/ 2 )
	=	11.088	/	137.359
	=	8.07 %

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

Boom Logistics (ASX:BOL) 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.

Boom Logistics ROCE % Related Terms

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Boom Logistics (ASX:BOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Boom Logistics Ltd (ASX:BOL) » Definitions » ROCE %

Comparable Companies

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GJY:Germany

Address

55 Southbank Boulevard, Suite B Level 1, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.boomlogistics.com.au

Boom Logistics Ltd is a national industrial services group that provides total lifting solutions, short-term or long-term crane hire, right across Australia. The company has two operating segments, namely, "Lifting Solutions", which provides all lifting activities including the provision of cranes, travel towers, access equipment, and all associated services; and "Labour Hire", which includes the provision of skilled labour with a wide range of trades, such as, electricians, boilermakers, mechanics, plus the traditional crane and travel tower operators, riggers, truck drivers. The company earns majority revenue from the Lifting Solutions segment.

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