Broadridge Financial Solutions (BSP:B1RF34) ROCE % : 7.17% (As of Dec. 2023)

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What is Broadridge Financial Solutions 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. Broadridge Financial Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.17%.

Broadridge Financial Solutions ROCE % Historical Data

The historical data trend for Broadridge Financial Solutions'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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Broadridge Financial Solutions ROCE % Chart

Broadridge Financial Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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23.54

22.00

14.37

11.12

14.48

Broadridge Financial Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.13	16.19	26.79	9.27	7.17

Broadridge Financial Solutions ROCE % Calculation

Broadridge Financial Solutions'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 )
	=	4555.683	/	( ( (41233.652 - 6629.144)	+	(39961.483 - 11638.202) )	/ 2 )
	=	4555.683	/	( (34604.508	+	28323.281)	/ 2 )
	=	4555.683	/	31463.8945
	=	14.48 %

Broadridge Financial Solutions'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2500.856	/	( ( (39861.235 - 4563.359)	+	(39197.42 - 4758.196) )	/ 2 )
	=	2500.856	/	( ( 35297.876	+	34439.224 )	/ 2 )
	=	2500.856	/	34868.55
	=	7.17 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Broadridge Financial Solutions (BSP:B1RF34) 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.

Broadridge Financial Solutions ROCE % Related Terms

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Broadridge Financial Solutions (BSP:B1RF34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Broadridge Financial Solutions Inc (BSP:B1RF34) » Definitions » ROCE %

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Traded in Other Exchanges

BR:USA

Address

5 Dakota Drive, Suite 300, Lake Success, NY, USA, 11042

Website

https://www.broadridge.com

Broadridge Financial Solutions, which was spun off from ADP in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions, or ICS, and global technology and operations, or GTO.

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