Cettire (ASX:CTT) ROCE % : 81.69% (As of Dec. 2023)

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What is Cettire 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. Cettire's annualized ROCE % for the quarter that ended in Dec. 2023 was 81.69%.

Cettire ROCE % Historical Data

The historical data trend for Cettire'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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Cettire ROCE % Chart

Cettire Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-2.68

-90.21

85.76

Cettire Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-70.56	-107.84	93.63	81.45	81.69

Cettire ROCE % Calculation

Cettire'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 )
	=	24.474	/	( ( (54.35 - 34.246)	+	(100.771 - 63.8) )	/ 2 )
	=	24.474	/	( (20.104	+	36.971)	/ 2 )
	=	24.474	/	28.5375
	=	85.76 %

Cettire'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 )
	=	36.08	/	( ( (100.771 - 63.8)	+	(152.968 - 101.603) )	/ 2 )
	=	36.08	/	( ( 36.971	+	51.365 )	/ 2 )
	=	36.08	/	44.168
	=	81.69 %

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

Cettire (ASX:CTT) 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.

Cettire ROCE % Related Terms

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Cettire (ASX:CTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cettire Ltd (ASX:CTT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 William Street, Level 40, Melbourne, VIC, AUS, 3000

Website

https://www.cettire.com

Cettire Ltd is an online luxury goods retailer. The company sells clothing products, accessories, footwear, handbags, and other products. Geographically, it derives a majority of its revenue from the United States.