Virtu Financial (FRA:0VF) ROCE % : 10.74% (As of Mar. 2024)

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What is Virtu 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. Virtu Financial's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.74%.

Virtu Financial ROCE % Historical Data

The historical data trend for Virtu 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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Virtu Financial ROCE % Chart

Virtu Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.43

19.94

15.66

10.46

9.24

Virtu Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.53	7.07	10.12	6.64	10.74

Virtu Financial ROCE % Calculation

Virtu Financial'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 )
	=	848.126	/	( ( (9990.58 - 1547.456)	+	(13265.674 - 3351.367) )	/ 2 )
	=	848.126	/	( (8443.124	+	9914.307)	/ 2 )
	=	848.126	/	9178.7155
	=	9.24 %

Virtu Financial'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 )
	=	1063.816	/	( ( (13265.674 - 3351.367)	+	(11766.538 - 1879.542) )	/ 2 )
	=	1063.816	/	( ( 9914.307	+	9886.996 )	/ 2 )
	=	1063.816	/	9900.6515
	=	10.74 %

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

Virtu Financial (FRA:0VF) 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.

Virtu Financial ROCE % Related Terms

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Virtu Financial (FRA:0VF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Virtu Financial Inc (FRA:0VF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VIRT:USA VIRT:Mexico 0VF:Germany

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.virtu.com

Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market-making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.

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