ZoomAway Technologies (ZoomAway Technologies) ROCE % : 0.00% (As of Dec. 2023)

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What is ZoomAway Technologies 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. ZoomAway Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

ZoomAway Technologies ROCE % Historical Data

The historical data trend for ZoomAway Technologies'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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ZoomAway Technologies ROCE % Chart

ZoomAway Technologies Annual Data

Trend

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Dec23

ROCE %

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ZoomAway Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

ZoomAway Technologies ROCE % Calculation

ZoomAway Technologies'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 )
	=	-0.333	/	( ( (0.073 - 6.027)	+	(0.046 - 6.679) )	/ 2 )
	=	-0.333	/	( (-5.954	+	-6.633)	/ 2 )
	=	-0.333	/	-6.2935
	=	5.29 %

ZoomAway Technologies'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 )
	=	-0.164	/	( ( (0.035 - 6.523)	+	(0.046 - 6.679) )	/ 2 )
	=	-0.164	/	( ( -6.488	+	-6.633 )	/ 2 )
	=	-0.164	/	-6.5605
	=	0 %

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

ZoomAway Technologies (OTCPK:ZMWYF) 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.

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ZoomAway Technologies (ZoomAway Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ZoomAway Technologies Inc (OTCPK:ZMWYF) » Definitions » ROCE %

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ZMA:Canada

Address

960 Matley Lane, No. 4, Reno, NV, USA, 89502

Website

https://www.zoomaway.com

ZoomAway Technologies Inc is a technology company in the Hospitality and Travel Industries. It has developed a variety of software solutions that enhance the planning and engagement of everyday tourists. Its flagship project, ZoomedOUT, is a complete modernization and re-imagination of mobile travel apps. In a full 3D environment, it is able to integrate planning, booking, social media, and camaraderie into a tangibly rewarding experience.