CMC Markets (LSE:CMCX) ROCE % : -0.59% (As of Sep. 2023)

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What is CMC Markets 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. CMC Markets's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.59%.

CMC Markets ROCE % Historical Data

The historical data trend for CMC Markets'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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CMC Markets ROCE % Chart

CMC Markets Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.48

38.99

62.95

23.45

14.15

CMC Markets Semi-Annual Data
	Mar13	Mar14	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															18.67	29.68	19.58	8.54	-0.59

CMC Markets ROCE % Calculation

CMC Markets'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 )
	=	54.478	/	( ( (646.81 - 263.204)	+	(586.422 - 200.08) )	/ 2 )
	=	54.478	/	( (383.606	+	386.342)	/ 2 )
	=	54.478	/	384.974
	=	14.15 %

CMC Markets'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 )
	=	-2.238	/	( ( (586.422 - 200.08)	+	(580.703 - 205.468) )	/ 2 )
	=	-2.238	/	( ( 386.342	+	375.235 )	/ 2 )
	=	-2.238	/	380.7885
	=	-0.59 %

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

CMC Markets (LSE:CMCX) 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.

CMC Markets ROCE % Related Terms

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CMC Markets (LSE:CMCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CMC Markets PLC (LSE:CMCX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CMCXl:UK T8Q:Germany

Address

133 Houndsditch, London, GBR, EC3A 7BX

Website

https://www.cmcmarkets.com

CMC Markets PLC is a United Kingdom-based company that provides online and mobile trading services. The company's core business is to provide online retail financial services and allows people to trade in various financial products of underlying assets such as forex markets, indices, shares, commodities, and treasuries. Its operating segments include Trading - CFD and spread bet - UK and Ireland; Trading - CFD - Europe; Trading - CFD - Australia, New Zealand and Singapore (APAC) and Canada and Investing - Stockbroking - Australia.

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