Vinyl Group (Vinyl Group) ROCE % : -174.62% (As of Dec. 2023)

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What is Vinyl 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. Vinyl Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -174.62%.

Vinyl Group ROCE % Historical Data

The historical data trend for Vinyl 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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Vinyl Group ROCE % Chart

Vinyl Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-283.52

-153.13

-155.63

-157.61

-255.86

Vinyl 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															-157.17	-174.23	-650.92	-711.72	-174.62

Vinyl Group ROCE % Calculation

Vinyl 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 )
	=	-6.509	/	( ( (3.219 - 0.895)	+	(6.507 - 3.743) )	/ 2 )
	=	-6.509	/	( (2.324	+	2.764)	/ 2 )
	=	-6.509	/	2.544
	=	-255.86 %

Vinyl 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 )
	=	-6.104	/	( ( (6.507 - 3.743)	+	(4.925 - 0.698) )	/ 2 )
	=	-6.104	/	( ( 2.764	+	4.227 )	/ 2 )
	=	-6.104	/	3.4955
	=	-174.62 %

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

Vinyl Group (OTCPK:JAXAF) 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.

Vinyl Group ROCE % Related Terms

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Vinyl Group (Vinyl Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vinyl Group Ltd (OTCPK:JAXAF) » Definitions » ROCE %

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VNL:Australia

Address

11 Wilson Street, South Yarra, VIC, AUS, 3141

Website

https://www.jaxsta.com

Vinyl Group Ltd Formerly Jaxsta Ltd is a music technology company that carries on a music database. It has developed an online platform named Jaxsta to hold official music metadata. Its database consists of official music information and is built to meet the needs of music professionals and enthusiasts seeking a comprehensive and authenticated source of music data. The company uses " Big Data" technology to ingest and translate information sourced directly from official channels including record labels, music publishers, royalty agencies and industry associations onto its Jaxsta platform ensuring optimum accuracy and reliability.

Vinyl Group (Vinyl Group) Headlines

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