Corporate Travel Management (ASX:CTD) ROCE % : 11.22% (As of Dec. 2023)

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What is Corporate Travel Management 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. Corporate Travel Management's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.22%.

Corporate Travel Management ROCE % Historical Data

The historical data trend for Corporate Travel Management'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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Corporate Travel Management ROCE % Chart

Corporate Travel Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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21.52

-0.34

-9.69

0.24

8.97

Corporate Travel Management Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-2.34	2.55	4.08	13.88	11.22

Corporate Travel Management ROCE % Calculation

Corporate Travel Management's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	105.433	/	( ( (1507.166 - 379.383)	+	(1722.851 - 500.358) )	/ 2 )
	=	105.433	/	( (1127.783	+	1222.493)	/ 2 )
	=	105.433	/	1175.138
	=	8.97 %

Corporate Travel Management's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	137.324	/	( ( (1722.851 - 500.358)	+	(1615.421 - 389.589) )	/ 2 )
	=	137.324	/	( ( 1222.493	+	1225.832 )	/ 2 )
	=	137.324	/	1224.1625
	=	11.22 %

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

Corporate Travel Management (ASX:CTD) 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.

Corporate Travel Management ROCE % Related Terms

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Corporate Travel Management (ASX:CTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Corporate Travel Management Ltd (ASX:CTD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1C6:Germany

Address

307 Queen Street, Level 24, Brisbane, QLD, AUS, 4000

Website

https://www.travelctm.com

Corporate Travel Management provides travel services for business and government clients across the Americas, Australia and New Zealand, Europe, and Asia. The company has built scale and breadth through both organic growth and acquisitions. As of 2022, Corporate Travel is the world's fourth-largest corporate travel management company based with pro forma, pre-COVID-19 total transaction volumes of AUD 11 billion, but it remains a relative minnow in the highly fragmented USD 1.5 trillion global market. The group offers expertise and personalized service to corporate clients spanning various industries such as government, healthcare, mining, energy, infrastructure, and construction. Before the pandemic, more than 60% of the group's client travel was domestic (within country) in nature.

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