Jayride Group (ASX:JAY) ROCE % : -11,784.31% (As of Dec. 2023)

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What is Jayride 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. Jayride Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -11,784.31%.

Jayride Group ROCE % Historical Data

The historical data trend for Jayride 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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Jayride Group ROCE % Chart

Jayride Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-169.65

-217.03

-167.42

-128.32

-209.47

Jayride Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-94.93	-76.80	-83.76	-236.78	-11,784.31

Jayride Group ROCE % Calculation

Jayride 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 )
	=	-8.055	/	( ( (8.623 - 3.16)	+	(7.664 - 5.436) )	/ 2 )
	=	-8.055	/	( (5.463	+	2.228)	/ 2 )
	=	-8.055	/	3.8455
	=	-209.47 %

Jayride 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 )
	=	-12.02	/	( ( (7.664 - 5.436)	+	(3.417 - 5.441) )	/ 2 )
	=	-12.02	/	( ( 2.228	+	-2.024 )	/ 2 )
	=	-12.02	/	0.102
	=	-11,784.31 %

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

Jayride Group (ASX:JAY) 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.

Jayride Group ROCE % Related Terms

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Jayride Group (ASX:JAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jayride Group Ltd (ASX:JAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

11-17 York Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.jayride.com

Jayride Group Ltd operates as a transfer comparison site. It is an E-commerce marketplace where people can compare thousands of transfer companies and book a ride when it comes to travelling to an airport, hotel, residential address, tourist attraction or cruise ship terminal.

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