Cavendish (LSE:CAV) ROCE % : 0.97% (As of Sep. 2024)

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What is Cavendish 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. Cavendish's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.97%.

Cavendish ROCE % Historical Data

The historical data trend for Cavendish'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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Cavendish ROCE % Chart

Cavendish Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.69

28.46

19.77

-14.17

-9.15

Cavendish Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial											-10.77	-17.46	-10.12	-6.91	0.97

Cavendish ROCE % Calculation

Cavendish's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-3.887	/	( ( (51.964 - 15.475)	+	(78.297 - 29.784) )	/ 2 )
	=	-3.887	/	( (36.489	+	48.513)	/ 2 )
	=	-3.887	/	42.501
	=	-9.15 %

Cavendish's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0.484	/	( ( (78.297 - 29.784)	+	(73.346 - 22.196) )	/ 2 )
	=	0.484	/	( ( 48.513	+	51.15 )	/ 2 )
	=	0.484	/	49.8315
	=	0.97 %

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

Cavendish (LSE:CAV) 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.

Cavendish ROCE % Related Terms

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Cavendish Business Description

Industry

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

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Address

1 Bartholomew Close, London, GBR, EC1A 7BL

Website

https://www.cavendish.com

Cavendish PLC is engaged in providing financial and advisory services to its clients in the public and private capital markets. It provides services in equity capital markets, M&A, debt advisory, and private growth capital. Its is providing clients with access to equity, debt, and alternative financing, as well as offering cross-border M&A advice.

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