Credit Clear (ASX:CCR) ROCE % : -6.07% (As of Dec. 2023)

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What is Credit Clear 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. Credit Clear's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.07%.

Credit Clear ROCE % Historical Data

The historical data trend for Credit Clear'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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Credit Clear ROCE % Chart

Credit Clear Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-38.51

-30.97

-17.20

Credit Clear Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-55.77	-29.57	-23.26	-12.13	-6.07

Credit Clear ROCE % Calculation

Credit Clear's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-11.039	/	( ( (76.78 - 14.51)	+	(76.843 - 10.783) )	/ 2 )
	=	-11.039	/	( (62.27	+	66.06)	/ 2 )
	=	-11.039	/	64.165
	=	-17.20 %

Credit Clear'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-3.992	/	( ( (76.843 - 10.783)	+	(77.814 - 12.357) )	/ 2 )
	=	-3.992	/	( ( 66.06	+	65.457 )	/ 2 )
	=	-3.992	/	65.7585
	=	-6.07 %

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

Credit Clear (ASX:CCR) 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.

Credit Clear ROCE % Related Terms

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Credit Clear (ASX:CCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Credit Clear Ltd (ASX:CCR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 11, 41-43 Bourke Road, Alexandria, NSW, AUS, 2015

Website

https://www.creditclear.com.au

Credit Clear Ltd is engaged in the business of providing financial services. The company specializes in receivables management solutions. Its segments include Collections and Legal Services. The company generates maximum revenue from the Collections segment. Geographically, it derives a majority of its revenue from Australia.