Cavendish Financial (LSE:CAV) ROCE % : -10.12% (As of Sep. 2023)

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What is Cavendish Financial 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. Cavendish Financial's annualized ROCE % for the quarter that ended in Sep. 2023 was -10.12%.

Cavendish Financial ROCE % Historical Data

The historical data trend for Cavendish Financial'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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Cavendish Financial ROCE % Chart

Cavendish Financial Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Mar20

Mar21

Mar22

Mar23

ROCE %

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42.84

8.69

28.46

19.77

-14.17

Cavendish Financial Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial									29.08	8.95	-10.77	-17.46	-10.12

Cavendish Financial ROCE % Calculation

Cavendish Financial's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-5.783	/	( ( (66.618 - 21.459)	+	(51.964 - 15.475) )	/ 2 )
	=	-5.783	/	( (45.159	+	36.489)	/ 2 )
	=	-5.783	/	40.824
	=	-14.17 %

Cavendish Financial's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-4.372	/	( ( (51.964 - 15.475)	+	(67.614 - 17.661) )	/ 2 )
	=	-4.372	/	( ( 36.489	+	49.953 )	/ 2 )
	=	-4.372	/	43.221
	=	-10.12 %

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

Cavendish Financial (LSE:CAV) 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.

Cavendish Financial ROCE % Related Terms

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Cavendish Financial (LSE:CAV) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cavendish Financial Plc (LSE:CAV) » Definitions » ROCE %

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Address

1 Bartholomew Close, London, GBR, EC1A 7BL

Website

https://www.finncapcavendish.com

Cavendish Financial Plc is one of the UK's leading mid-market M&A advisers with unrivalled expertise in sell-side M&A, buy-side M&A, debt advisory and private fundraising services. The Group provides a range of services to both public and private companies, from equity raising in capital markets to M&A, debt advisory, and private growth capital.

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