Intuit (FRA:ITU) ROCE % : 6.89% (As of Jan. 2024)

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What is Intuit 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. Intuit's annualized ROCE % for the quarter that ended in Jan. 2024 was 6.89%.

Intuit ROCE % Historical Data

The historical data trend for Intuit'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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Intuit ROCE % Chart

Intuit Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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50.01

37.32

25.25

14.92

12.90

Intuit Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															4.80	46.40	1.07	5.91	6.89

Intuit ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	2926.248	/	( ( (27262.522 - 3568.29)	+	(25113.12 - 3426.16) )	/ 2 )
	=	2926.248	/	( (23694.232	+	21686.96)	/ 2 )
	=	2926.248	/	22690.596
	=	12.90 %

Intuit's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	1509.192	/	( ( (26978.136 - 4731.212)	+	(27253.584 - 5706.288) )	/ 2 )
	=	1509.192	/	( ( 22246.924	+	21547.296 )	/ 2 )
	=	1509.192	/	21897.11
	=	6.89 %

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

Intuit (FRA:ITU) 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.

Intuit ROCE % Related Terms

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Intuit (FRA:ITU) Business Description

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INTU:USA INTU:Mexico 1INTU:Italy ITUd:UK ITU:Germany ITU:Germany INTU34:Brazil INTU:Austria

Address

2700 Coast Avenue, Mountain View, CA, USA, 94043

Website

https://www.intuit.com

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.

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