Clip Money (Clip Money) ROCE % : -76.46% (As of Mar. 2024)

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What is Clip Money 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. Clip Money's annualized ROCE % for the quarter that ended in Mar. 2024 was -76.46%.

Clip Money ROCE % Historical Data

The historical data trend for Clip Money'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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Clip Money ROCE % Chart

Clip Money Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-85.12

-188.97

-90.71

Clip Money Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-138.57	-156.74	-85.39	-58.20	-76.46

Clip Money ROCE % Calculation

Clip Money's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-8.444	/	( ( (9.858 - 2.655)	+	(13.862 - 2.448) )	/ 2 )
	=	-8.444	/	( (7.203	+	11.414)	/ 2 )
	=	-8.444	/	9.3085
	=	-90.71 %

Clip Money's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-7.676	/	( ( (13.862 - 2.448)	+	(11.128 - 2.463) )	/ 2 )
	=	-7.676	/	( ( 11.414	+	8.665 )	/ 2 )
	=	-7.676	/	10.0395
	=	-76.46 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Clip Money (OTCPK:CLPMF) 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.

Clip Money ROCE % Related Terms

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Clip Money (Clip Money) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clip Money Inc (OTCPK:CLPMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CLIP:Canada

Address

96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2

Website

https://www.clipmoney.com

Clip Money Inc is a Canadian-based principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. Its business is located in Canada and the United States. The majority of its revenue comes from the United States.