Change Financial (ASX:CCA) ROCE % : -39.81% (As of Dec. 2024)

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What is Change Financial 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. Change Financial's annualized ROCE % for the quarter that ended in Dec. 2024 was -39.81%.

Change Financial ROCE % Historical Data

The historical data trend for Change Financial'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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Change Financial ROCE % Chart

Change Financial Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-233.20

-58.42

-64.19

-36.66

-27.41

Change Financial Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial													-67.06	-22.58	-32.54	-21.84	-39.81

Change Financial ROCE % Calculation

Change Financial's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-3.381	/	( ( (22.798 - 8.591)	+	(19.494 - 9.028) )	/ 2 )
	=	-3.381	/	( (14.207	+	10.466)	/ 2 )
	=	-3.381	/	12.3365
	=	-27.41 %

Change Financial's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-4.64	/	( ( (19.494 - 9.028)	+	(25.206 - 12.364) )	/ 2 )
	=	-4.64	/	( ( 10.466	+	12.842 )	/ 2 )
	=	-4.64	/	11.654
	=	-39.81 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Change Financial (ASX:CCA) 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.

Change Financial ROCE % Related Terms

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Change Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Change Financial Ltd (ASX:CCA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

340 Adelaide Street, Suite 3E, Level 3, Brisbane, QLD, AUS, 4000

Website

https://www.changefinancial.com

Change Financial Ltd is a fintech company. It develops payment processors and provides mobile banking services through its mobile application. The company operates in a single segment that is the development and provision of card payments software and services. The company serves business and financial institutions.