Janison Education Group (ASX:JAN) ROCE % : -28.46% (As of Dec. 2023)

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What is Janison Education Group 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. Janison Education Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -28.46%.

Janison Education Group ROCE % Historical Data

The historical data trend for Janison Education Group'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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Janison Education Group ROCE % Chart

Janison Education Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-0.84

-7.92

-9.41

-20.27

-26.17

Janison Education Group 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															-9.11	-26.74	-16.99	-39.01	-28.46

Janison Education Group ROCE % Calculation

Janison Education Group'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 )
	=	-11.709	/	( ( (70.588 - 15.249)	+	(57.717 - 23.58) )	/ 2 )
	=	-11.709	/	( (55.339	+	34.137)	/ 2 )
	=	-11.709	/	44.738
	=	-26.17 %

Janison Education Group'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 )
	=	-10.202	/	( ( (57.717 - 23.58)	+	(50.348 - 12.798) )	/ 2 )
	=	-10.202	/	( ( 34.137	+	37.55 )	/ 2 )
	=	-10.202	/	35.8435
	=	-28.46 %

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

Janison Education Group (ASX:JAN) 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.

Janison Education Group ROCE % Related Terms

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Janison Education Group (ASX:JAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Janison Education Group Ltd (ASX:JAN) » Definitions » ROCE %

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N/A

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.janison.com

Janison Education Group Ltd operates in the education technology sector. Its primary activities include software development and the provision of Software-as-a-Service. The company operates in two segments including Assessment and Solutions. It generates maximum revenue from the Solutions segment, which operates exam enterprise-grade assessment platform technology and event management services for large organizations, national education authorities, and accreditation bodies. The Assessments segment provides exam products, exam items, and associated exam services which are sold to schools, parents, and teachers. Geographically, it derives a majority of its revenue from Australia and New Zealand and also has a presence in Asia and the Rest of the World.