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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. CoreCard's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.85%.
The historical data trend for CoreCard'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.
CoreCard Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 41.77 | 26.57 | 24.74 | 38.75 | 9.66 |
CoreCard Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | 21.75 | 12.97 | 18.73 | 2.88 | 2.85 |
CoreCard'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 ) | |||||
= | 5.311 | / | ( ( (63.232 - 7.543) | + | (63.826 - 9.54) ) | / 2 ) | |
= | 5.311 | / | ( (55.689 | + | 54.286) | / 2 ) | |
= | 5.311 | / | 54.9875 | ||||
= | 9.66 % |
CoreCard'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 1.58 | / | ( ( (66.785 - 10.241) | + | (63.826 - 9.54) ) | / 2 ) | |
= | 1.58 | / | ( ( 56.544 | + | 54.286 ) | / 2 ) | |
= | 1.58 | / | 55.415 | ||||
= | 2.85 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.
CoreCard (NYSE:CCRD) 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 CoreCard's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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Chandler A Russell Iii | director | C/O KILPATRICK STOCKTON LLP, 110 PEACHTREE STREET SUITE 2800, ATLANTA GA 30309 |
Matthew A White | officer: CFO and Corporate Secretary | 4355 SHACKLEFORD RD, NORCROSS GA 30093 |
Karen J Reynolds | officer: Chief Financial Officer | 1816 MAGNOLIA BLUFF WAY, DULUTH GA 30097 |
Cherie M Fuzzell | director | 2795 EAST COTTONWOOD PARKWAY, SUITE 660, SLC UT 84121 |
Bonnie L Herron | officer: Chief Financial Officer | |
J William Goodhew | officer: Vice President | |
John B Peatman | director | |
Francis A Marks | officer: Vice President | |
James V Napier | director | 3355 LENOX ROAD, SUITE 750, ATLANTA 2Q 30326 |
Parker H Petit | director | 1850 PARKWAY PL, MARIETTA GA 30067 |
Donald A Mcmahon | director |
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