GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Better Home & Finance Holding Co (NAS:BETR) » Definitions » ROCE %

Better Home & Finance Holding Co (Better Home & Finance Holding Co) ROCE % : -31.97% (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Better Home & Finance Holding Co 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. Better Home & Finance Holding Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -31.97%.

Better Home & Finance Holding Co ROCE % Historical Data

The historical data trend for Better Home & Finance Holding Co'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.

* Premium members only.

Better Home & Finance Holding Co ROCE % Chart

Better Home & Finance Holding Co Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
-14.09 -50.79 -66.34

Better Home & Finance Holding Co Quarterly Data
Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial -91.25 -43.04 -21.70 -185.18 -31.97

Better Home & Finance Holding Co ROCE % Calculation

Better Home & Finance Holding Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-502.826/( ( (1083.352 - 264.692) + (905.554 - 208.263) )/ 2 )
=-502.826/( (818.66+697.291)/ 2 )
=-502.826/757.9755
=-66.34 %

Better Home & Finance Holding Co'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: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-230.82/( ( (937.055 - 190.492) + (905.554 - 208.263) )/ 2 )
=-230.82/( ( 746.563 + 697.291 )/ 2 )
=-230.82/721.927
=-31.97 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

* 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.

Better Home & Finance Holding Co  (NAS:BETR) 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.

Better Home & Finance Holding Co ROCE % Related Terms

Thank you for viewing the detailed overview of Better Home & Finance Holding Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Better Home & Finance Holding Co (Better Home & Finance Holding Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Better Home & Finance Holding Co (NAS:BETR) » Definitions » ROCE %
Comparable Companies
VEL GHI FMCC UWMC LDI OCN CNF SNFCA GHLD IOR COOP PFSI NSE:LICHSGFIN NSE:PNBHOUSING WD BOM:543335 TSX:FN LSE:OSB BOM:541988 BOM:511196
Traded in Other Exchanges
N/A
Address
175 Greenwich street, 3 World trade center, 57th floor, New York, NY, USA, 10007
Website
https://www.better.com
Better Home & Finance Holding Co is a digital-first homeownership company whose services included mortgage, real estate, title, and homeowners insurance. The company has combined technology innovation and fresh thinking with a deep customer focus with the goal to revolutionize the homeownership industry.
Executives
Activant Ventures Iii Opportunities Fund 6, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Sb Management Ltd 10 percent owner 9TH FLOOR, AL SILA TOWER, ADGM SQUARE, AL MARYAH ISLAND, ABU DHABI C0 NA
Riaz Valani director, 10 percent owner C/O OUSTER, INC., 350 TREAT AVENUE, SAN FRANCISCO CA 94110
Kevin J Ryan officer: Chief Financial Officer C/O WESLEY JESSEN VISIONCARE INC, 333 EAST HOWARD AVE, DES PLAINES IL 60018-5903
Vishal Garg director, 10 percent owner, officer: Chief Executive Officer C/O MRU HOLDINGS, INC., 1114 AVENUE OF THE AMERICAS, NEW YORK NY 10036
J. Calamari Nicholas officer: CAO and Senior Counsel 450 PARK AVE, STE. 2702, NEW YORK NY 10022
Activant Ventures Iii, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 1, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 2, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 3, Lp director, 10 percent owner 323 RAILROAD AVE., 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 4, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Softbank Group Corp 10 percent owner 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Paula Tuffin officer: General Counsel and CCO 3 WORLD TRADE CENTER, 175 GREENWICH ST 57TH FLOOR, NEW YORK NY 10007
Svf Ii Beaver (de) Llc 10 percent owner 300 EL CAMINO REAL, MENLO PARK CA 94025
1/0 Mortgage Investment, Llc other: Shareholder 60 EAST 42ND STREET, SUITE 3014, NEW YORK NY 10165