Carbon Revolution (ASX:CBR) ROCE % : -93.49% (As of Jun. 2023)

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What is Carbon Revolution 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. Carbon Revolution's annualized ROCE % for the quarter that ended in Jun. 2023 was -93.49%.

Carbon Revolution ROCE % Historical Data

The historical data trend for Carbon Revolution'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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Carbon Revolution ROCE % Chart

Carbon Revolution Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-105.37

-22.23

-27.79

-60.86

Carbon Revolution Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-24.17	-26.54	-29.84	-47.81	-93.49

Carbon Revolution ROCE % Calculation

Carbon Revolution'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 )
	=	-74.018	/	( ( (164.876 - 34.414)	+	(158.337 - 45.572) )	/ 2 )
	=	-74.018	/	( (130.462	+	112.765)	/ 2 )
	=	-74.018	/	121.6135
	=	-60.86 %

Carbon Revolution's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-95.148	/	( ( (127.072 - 36.29)	+	(158.337 - 45.572) )	/ 2 )
	=	-95.148	/	( ( 90.782	+	112.765 )	/ 2 )
	=	-95.148	/	101.7735
	=	-93.49 %

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

Carbon Revolution (ASX:CBR) 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.

Carbon Revolution ROCE % Related Terms

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Carbon Revolution (ASX:CBR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Carbon Revolution Ltd (ASX:CBR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Pigdons Road, Geelong Technology Precinct, Building NR, Waurn Ponds, Geelong, VIC, AUS, 3216

Website

https://www.carbonrev.com

Carbon Revolution Ltd is a company engaged in the manufacture and sale of carbon fibre wheels and research and development projects related to carbon fibre wheel technology. Geographically, the group has a business presence in Australia and other international countries, of which key revenue is derived from the international countries. It offers products to the global automotive industry.

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