Embark Early Education (ASX:EVO) ROCE % : 4.85% (As of Dec. 2023)

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What is Embark Early Education 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. Embark Early Education's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.85%.

Embark Early Education ROCE % Historical Data

The historical data trend for Embark Early Education'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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Embark Early Education ROCE % Chart

Embark Early Education Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

ROCE %

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-75.14

-103.38

2.70

0.37

7.35

Embark Early Education Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												-2.33	4.23	-5.65	9.34	4.85

Embark Early Education ROCE % Calculation

Embark Early Education'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 )
	=	10.238	/	( ( (157.769 - 14.672)	+	(149.446 - 14.123) )	/ 2 )
	=	10.238	/	( (143.097	+	135.323)	/ 2 )
	=	10.238	/	139.21
	=	7.35 %

Embark Early Education'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 )
	=	6.798	/	( ( (157.775 - 13.026)	+	(149.446 - 14.123) )	/ 2 )
	=	6.798	/	( ( 144.749	+	135.323 )	/ 2 )
	=	6.798	/	140.036
	=	4.85 %

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

Embark Early Education (ASX:EVO) 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.

Embark Early Education ROCE % Related Terms

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Embark Early Education (ASX:EVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Embark Early Education Ltd (ASX:EVO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

120-122 Siganto Drive, Suite 102, Level 1, M1 Connect Business Hub, Helensvale, Gold Coast, QLD, AUS, 4212

Website

https://www.embarkeducation.com.au

Embark Early Education Ltd is a company that is engaged in the provision and management of an early childhood education service that gives parents and caregivers the option of which service suits their child's learning and care needs. The Group reports operating segments by geographical location, namely New Zealand and Australia. The majority of revenue is from the New Zealand segment. The principal activities of the Company include the management of high-quality early childhood education centres.