Currency Exchange International (Currency Exchange International) ROCE % : 7.01% (As of Jan. 2024)

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What is Currency Exchange International 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. Currency Exchange International's annualized ROCE % for the quarter that ended in Jan. 2024 was 7.01%.

Currency Exchange International ROCE % Historical Data

The historical data trend for Currency Exchange International'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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Currency Exchange International ROCE % Chart

Currency Exchange International Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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7.52

-14.92

0.95

23.02

20.32

Currency Exchange International 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															10.65	15.65	28.55	24.80	7.01

Currency Exchange International ROCE % Calculation

Currency Exchange International's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	15.793	/	( ( (125.529 - 52.06)	+	(132.049 - 50.097) )	/ 2 )
	=	15.793	/	( (73.469	+	81.952)	/ 2 )
	=	15.793	/	77.7105
	=	20.32 %

Currency Exchange International'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 )
	=	5.824	/	( ( (132.049 - 50.097)	+	(133.78 - 49.636) )	/ 2 )
	=	5.824	/	( ( 81.952	+	84.144 )	/ 2 )
	=	5.824	/	83.048
	=	7.01 %

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

Currency Exchange International (OTCPK:CURN) 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.

Currency Exchange International ROCE % Related Terms

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Currency Exchange International (Currency Exchange International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Currency Exchange International Corp (OTCPK:CURN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CXI:Canada

Address

6675 Westwood Boulevard, Suite 300, Orlando, FL, USA, 32821

Website

https://www.ceifx.com

Currency Exchange International Corp operates as a money service and payments business and provides currency exchange, wire transfer, and cheque cashing services at its locations in the United States and Canada. The company earns maximum revenue from the United States of America. The company earns revenue in the form of Commission and Fee income.