Intercede Group (LSE:IGP) ROCE % : 25.17% (As of Sep. 2023)

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What is Intercede 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. Intercede Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 25.17%.

Intercede Group ROCE % Historical Data

The historical data trend for Intercede 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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Intercede Group ROCE % Chart

Intercede Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.05

27.55

29.64

6.73

9.95

Intercede Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															5.88	7.56	19.03	1.65	25.17

Intercede Group ROCE % Calculation

Intercede Group'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 )
	=	0.701	/	( ( (12.933 - 6.801)	+	(17.437 - 9.479) )	/ 2 )
	=	0.701	/	( (6.132	+	7.958)	/ 2 )
	=	0.701	/	7.045
	=	9.95 %

Intercede Group'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 )
	=	2.218	/	( ( (17.437 - 9.479)	+	(16.798 - 7.13) )	/ 2 )
	=	2.218	/	( ( 7.958	+	9.668 )	/ 2 )
	=	2.218	/	8.813
	=	25.17 %

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

Intercede Group (LSE:IGP) 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.

Intercede Group ROCE % Related Terms

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Intercede Group (LSE:IGP) Business Description

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LYD:Germany

Address

St. Mary's Road, Lutterworth Hall, Lutterworth, Leicestershire, GBR, LE17 4PS

Website

https://www.intercede.com

Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment in a simple and cost-effective manner. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, Rest of Europe, North America, and Rest of World. The Majority of its revenue is derived from North America.

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