Flexiroam (ASX:FRX) ROCE % : 0.00% (As of Dec. 2023)

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

Flexiroam ROCE % Historical Data

The historical data trend for Flexiroam'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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Flexiroam ROCE % Chart

Flexiroam Annual Data

Trend

Jun15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-46.76

Flexiroam Semi-Annual Data
	Jun15	Dec15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Dec23
ROCE %	Get a 7-Day Free Trial												-	-	-	-	-

Flexiroam ROCE % Calculation

Flexiroam's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-2.138	/	( ( (4.714 - 6.705)	+	(3.585 - 7.782) )	/ 2 )
	=	-2.138	/	( (-1.991	+	-4.197)	/ 2 )
	=	-2.138	/	-3.094
	=	69.10 %

Flexiroam'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: Mar. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Mar. 2023 )		(Q: Dec. 2023 )
	=	0.586	/	( ( (3.585 - 7.782)	+	(6.324 - 7.413) )	/ 2 )
	=	0.586	/	( ( -4.197	+	-1.089 )	/ 2 )
	=	0.586	/	-2.643
	=	0 %

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

Flexiroam (ASX:FRX) 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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Flexiroam (ASX:FRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Flexiroam Ltd (ASX:FRX) » Definitions » ROCE %

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Address

No. 6, Jalan SS21/37, Damansara Utama, Lot 4-401 & 4-402, Level 4, The Starling Mall, Petaling Jaya, SGR, MYS, 47400

Website

https://www.flexiroam.com

Flexiroam Ltd is a virtual network operator that offers voice and data roaming services across the globe. The operating segment includes Travel and Solution. Their product line includes Flexiroam App and Flexiroam X. Corporate sales generate maximum revenue for the company.