Rent.com.au (ASX:RNT) ROCE % : -82.07% (As of Dec. 2023)

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What is Rent.com.au 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. Rent.com.au's annualized ROCE % for the quarter that ended in Dec. 2023 was -82.07%.

Rent.com.au ROCE % Historical Data

The historical data trend for Rent.com.au'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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Rent.com.au ROCE % Chart

Rent.com.au Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-98.91

-101.78

-37.70

-57.25

-88.13

Rent.com.au 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															-60.69	-66.94	-56.99	-92.21	-82.07

Rent.com.au ROCE % Calculation

Rent.com.au'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 )
	=	-3.824	/	( ( (5.86 - 1.002)	+	(5.01 - 1.19) )	/ 2 )
	=	-3.824	/	( (4.858	+	3.82)	/ 2 )
	=	-3.824	/	4.339
	=	-88.13 %

Rent.com.au'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 )
	=	-3.192	/	( ( (5.01 - 1.19)	+	(5.306 - 1.347) )	/ 2 )
	=	-3.192	/	( ( 3.82	+	3.959 )	/ 2 )
	=	-3.192	/	3.8895
	=	-82.07 %

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

Rent.com.au (ASX:RNT) 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.

Rent.com.au ROCE % Related Terms

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Rent.com.au (ASX:RNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Rent.com.au Ltd (ASX:RNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Craig Street, Burswood, Perth, WA, AUS, 6100

Website

https://www.rent.com.au

Rent.com.au Ltd is a rental property website providing a single marketplace for renters, property agents and non-agent landlords. It accepts enquiries from all listers of rental properties, including real estate agents, private landlords, property managers, builders, developers, retirement services and universities. The firm is organized into two operating segments being Rent.com.au and RentPay. It drives key revenue from the Rent.com.au segment.

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