Bay Capital (LSE:BAY) ROCE % : -40.76% (As of Dec. 2023)

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What is Bay Capital 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. Bay Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -40.76%.

Bay Capital ROCE % Historical Data

The historical data trend for Bay Capital'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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Bay Capital ROCE % Chart

Bay Capital Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-3.89

-23.54

Bay Capital Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-3.33	-4.44	-6.29	-40.76

Bay Capital ROCE % Calculation

Bay Capital'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 )
	=	-1.357	/	( ( (6.466 - 0.054)	+	(6.076 - 0.959) )	/ 2 )
	=	-1.357	/	( (6.412	+	5.117)	/ 2 )
	=	-1.357	/	5.7645
	=	-23.54 %

Bay Capital'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 )
	=	-2.316	/	( ( (6.362 - 0.116)	+	(6.076 - 0.959) )	/ 2 )
	=	-2.316	/	( ( 6.246	+	5.117 )	/ 2 )
	=	-2.316	/	5.6815
	=	-40.76 %

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

Bay Capital (LSE:BAY) 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.

Bay Capital ROCE % Related Terms

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Bay Capital (LSE:BAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bay Capital PLC (LSE:BAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Esplanade, Channel Islands, St. Helier, JEY, JE2 3QA

Website

https://www.baycapitalplc.com

Bay Capital PLC is focused to drive shareholder value through the acquisition of target companies in certain sectors where the Directors believe there to be sustainable growth opportunities both organically and through acquisition. The company is seeking fundamentally sound assets, where tangible opportunities exist to drive strategic, operational, and performance improvements.

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