Ecofibre (ASX:EOF) ROCE % : -106.57% (As of Dec. 2023)

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What is Ecofibre 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. Ecofibre's annualized ROCE % for the quarter that ended in Dec. 2023 was -106.57%.

Ecofibre ROCE % Historical Data

The historical data trend for Ecofibre'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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Ecofibre ROCE % Chart

Ecofibre Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

11.61

29.92

-8.44

-14.68

-21.27

Ecofibre Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-13.23	-16.52	-34.29	-5.45	-106.57

Ecofibre ROCE % Calculation

Ecofibre'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 )
	=	-26.985	/	( ( (149.554 - 8.07)	+	(118.734 - 6.463) )	/ 2 )
	=	-26.985	/	( (141.484	+	112.271)	/ 2 )
	=	-26.985	/	126.8775
	=	-21.27 %

Ecofibre'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 )
	=	-87.328	/	( ( (118.734 - 6.463)	+	(73.193 - 21.579) )	/ 2 )
	=	-87.328	/	( ( 112.271	+	51.614 )	/ 2 )
	=	-87.328	/	81.9425
	=	-106.57 %

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

Ecofibre (ASX:EOF) 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.

Ecofibre ROCE % Related Terms

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Ecofibre (ASX:EOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ecofibre Ltd (ASX:EOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EOFBF:USA

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.ecofibre.com

Ecofibre Ltd through its subsidiaries is engaged in three business lines including Ananda Health, Ananda Food and Hemp Black. Amanda Health includes Production and sale of hemp related nutraceutical products focused on the US. Ananda Food includes Production and sale of hemp related food products in Australia. Hemp Black includes the development of hemp related fibre products globally.

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