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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. Cars.com's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.55%.
The historical data trend for Cars.com'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.
Cars.com Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -20.12 | -61.66 | 5.08 | 6.32 | 5.19 |
Cars.com Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | 9.16 | 3.96 | 4.30 | 4.06 | 3.55 |
Cars.com'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 ) | |||||
= | 50.53 | / | ( ( (1024.87 - 106.012) | + | (1172.449 - 145.748) ) | / 2 ) | |
= | 50.53 | / | ( (918.858 | + | 1026.701) | / 2 ) | |
= | 50.53 | / | 972.7795 | ||||
= | 5.19 % |
Cars.com'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 ) | |||||
= | 36.564 | / | ( ( (1172.449 - 145.748) | + | (1143.131 - 109.364) ) | / 2 ) | |
= | 36.564 | / | ( ( 1026.701 | + | 1033.767 ) | / 2 ) | |
= | 36.564 | / | 1030.234 | ||||
= | 3.55 % |
(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.
Cars.com (NYSE:CARS) 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.
Thank you for viewing the detailed overview of Cars.com's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Alex Vetter | director, officer: CEO | C/O CARS.COM INC.,300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60604 |
Sonia Jain | officer: Chief Financial Officer | 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606 |
Angelique Strong Marks | officer: Chief Legal Officer | 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606 |
Bryan Wiener | director | 520 BROAD STREET, NEWARK NJ 07102 |
Douglas Neal Miller | officer: Chief Revenue Officer | CARS.COM INC., 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606 |
Mcgovern Jr. Donald A. | director | C/O CARS.COM, 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606 |
Thomas E Hale | director | 600 TOWNSEND ST, SAN FRANCISCO CA 94103 |
Jeanette Tomy | officer: Chief Financial Officer | 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606 |
James F Rogers | officer: Chief Legal Officer | 175 W. JACKSON, SUITE 800, CHICAGO IL 60604 |
Jenell Ross | director | 2000 CLEARWATER DRIVE, OAK BROOK IL 60523 |
Scott E Forbes | director | C/O CARS.COM INC.,300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606 |
Jill A Greenthal | director | MARTHA STEWART LIVING OMNIMEDIA INC, 11 WEST 42ND STREET 25TH FLOOR, NEW YORK NY 10036 |
Becky A Sheehan | officer: Chief Financial Officer | C/O CARS.COM, 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606 |
Michael Joseph Kelly | director | C/O EYEBLASTER, INC., 135 WEST 18TH STREET, 5TH FLOOR, NEW YORK NY 10011 |
Greg Revelle | director | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
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