CTS Global Equity Group (PHS:CTS) ROCE % : 4.94% (As of Mar. 2024)

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What is CTS Global Equity 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. CTS Global Equity Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.94%.

CTS Global Equity Group ROCE % Historical Data

The historical data trend for CTS Global Equity 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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CTS Global Equity Group ROCE % Chart

CTS Global Equity Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.69

11.10

4.77

4.17

0.29

CTS Global Equity Group Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												-2.81	0.22	3.24	0.53	4.94

CTS Global Equity Group ROCE % Calculation

CTS Global Equity Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	5.915	/	( ( (2199.524 - 191.728)	+	(2201.584 - 162.8) )	/ 2 )
	=	5.915	/	( (2007.796	+	2038.784)	/ 2 )
	=	5.915	/	2023.29
	=	0.29 %

CTS Global Equity Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	101.1	/	( ( (2201.584 - 162.8)	+	(2238.798 - 181.899) )	/ 2 )
	=	101.1	/	( ( 2038.784	+	2056.899 )	/ 2 )
	=	101.1	/	2047.8415
	=	4.94 %

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

CTS Global Equity Group (PHS:CTS) 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.

CTS Global Equity Group ROCE % Related Terms

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CTS Global Equity Group (PHS:CTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CTS Global Equity Group Inc (PHS:CTS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, 27th floor East Tower, Tektite Towers, Metro Manila, Pasig, PHL, 1605

Website

https://www.ctsglobalgroup.com

CTS Global Equity Group Inc is a stock brokerage firm in the Philippines. The company is engaged as Broker-Dealer in Securities and Proprietary Trading. It offers financial services to the clients, by giving them access to trade the Philippine market with the support and assistance of a seasoned broker. Its internship program, trader training, and client advisory business give its clients and stakeholders the opportunity to participate in the capital markets.