IVE Group (ASX:IGL) ROCE % : 11.73% (As of Dec. 2023)

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What is IVE Group 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. IVE Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.73%.

IVE Group ROCE % Historical Data

The historical data trend for IVE Group'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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IVE Group ROCE % Chart

IVE Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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14.65

0.91

11.02

11.23

8.60

IVE Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												14.51	8.76	12.73	4.11	11.73

IVE Group ROCE % Calculation

IVE Group'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 )
	=	38.11	/	( ( (624.417 - 205.994)	+	(675.278 - 207.527) )	/ 2 )
	=	38.11	/	( (418.423	+	467.751)	/ 2 )
	=	38.11	/	443.087
	=	8.60 %

IVE Group'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 )
	=	56.814	/	( ( (675.278 - 207.527)	+	(690.164 - 189.306) )	/ 2 )
	=	56.814	/	( ( 467.751	+	500.858 )	/ 2 )
	=	56.814	/	484.3045
	=	11.73 %

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

IVE Group (ASX:IGL) 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.

IVE Group ROCE % Related Terms

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IVE Group (ASX:IGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » IVE Group Ltd (ASX:IGL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

350-374 Parramatta Road, Building B, Homebush, Sydney, NSW, AUS, 2140

Website

https://www.ivegroup.com.au

IVE Group Ltd is a diversified print and marketing communications company. The principal activities of the company include conceptual and creative design across print, mobile and interactive media; catalogues, the printing of magazines, marketing, and corporate communications materials and stationery. Also, the company provides personalized communications including marketing mail, publication mail, e-communications, and multi-channel solutions. It serves sectors such as financial services, publishing, retail, communications, property, clubs and associations, not-for-profit, utilities, manufacturing, education, and government.

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