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Ibotta (Ibotta) ROCE % : 43.36% (As of Mar. 2024)


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What is Ibotta 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. Ibotta's annualized ROCE % for the quarter that ended in Mar. 2024 was 43.36%.

Ibotta ROCE % Historical Data

The historical data trend for Ibotta'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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Ibotta ROCE % Chart

Ibotta Annual Data
Trend Dec22 Dec23
ROCE %
-78.76 64.81

Ibotta Quarterly Data
Dec22 Mar23 Dec23 Mar24
ROCE % - -19.11 - 43.36

Ibotta ROCE % Calculation

Ibotta'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 )
=55.999/( ( (195.079 - 143.896) + (319.79 - 198.15) )/ 2 )
=55.999/( (51.183+121.64)/ 2 )
=55.999/86.4115
=64.81 %

Ibotta'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 )
=56.812/( ( (319.79 - 198.15) + (322.067 - 181.665) )/ 2 )
=56.812/( ( 121.64 + 140.402 )/ 2 )
=56.812/131.021
=43.36 %

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

* 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.

Ibotta  (NYSE:IBTA) 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.

Ibotta ROCE % Related Terms

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Ibotta (Ibotta) Business Description

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Address
1801 California Street, Suite 400, Denver, CO, USA, 80202
Website
https://www.home.ibotta.com
Ibotta Inc is a performance marketing platform. It allows CPG brands to deliver digital promotions to consumers through a single, convenient network called the Ibotta Performance Network (IPN).