Oblong (STU:4HZ0) ROCE % : -91.27% (As of Mar. 2024)

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What is Oblong 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. Oblong's annualized ROCE % for the quarter that ended in Mar. 2024 was -91.27%.

Oblong ROCE % Historical Data

The historical data trend for Oblong'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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Oblong ROCE % Chart

Oblong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-45.46

-26.41

-37.99

-155.36

-92.26

Oblong Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-120.98	-71.31	-49.41	-79.54	-91.27

Oblong ROCE % Calculation

Oblong'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 )
	=	-3.97	/	( ( (5.344 - 1.806)	+	(6.35 - 1.282) )	/ 2 )
	=	-3.97	/	( (3.538	+	5.068)	/ 2 )
	=	-3.97	/	4.303
	=	-92.26 %

Oblong's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-4.18	/	( ( (6.35 - 1.282)	+	(5.46 - 1.368) )	/ 2 )
	=	-4.18	/	( ( 5.068	+	4.092 )	/ 2 )
	=	-4.18	/	4.58
	=	-91.27 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Oblong (STU:4HZ0) 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.

Oblong ROCE % Related Terms

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Oblong (STU:4HZ0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Oblong Inc (STU:4HZ0) » Definitions » ROCE %

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OBLG:USA

Address

25587 Conifer Road, Suite 105-231, Conifer, CO, USA, 80433

Website

https://www.oblong.com

Oblong Inc delivers visual solutions for collaboration and computing environments. The company's flagship product Mezzanine is the technology platform that defines computing: simultaneous multi-user, multi-screen, multi-device, and multi-location for dynamic and immersive visual collaboration. Mezzanine transforms routine meetings and workflows into agile, engaging experiences by making data visible and accessible in a collaborative setting. Mezzanine enables multiple, concurrent pieces of content to be shared, manipulated, created, and captured across distance. It serves various industries including aerospace, consulting, executive search, broadcast media, technology, financial services, education, healthcare, real estate, retail, construction, hospitality, and government, among others.

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