Record (LSE:REC) ROCE % : 41.34% (As of Sep. 2024)

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What is Record 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. Record's annualized ROCE % for the quarter that ended in Sep. 2024 was 41.34%.

Record ROCE % Historical Data

The historical data trend for Record'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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Record ROCE % Chart

Record Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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27.60

22.05

40.21

52.22

44.69

Record Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															54.19	48.78	43.13	46.16	41.34

Record ROCE % Calculation

Record'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 )
	=	12.992	/	( ( (36.737 - 7.63)	+	(36.065 - 7.032) )	/ 2 )
	=	12.992	/	( (29.107	+	29.033)	/ 2 )
	=	12.992	/	29.07
	=	44.69 %

Record'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 )
	=	11.828	/	( ( (36.065 - 7.032)	+	(33.175 - 4.986) )	/ 2 )
	=	11.828	/	( ( 29.033	+	28.189 )	/ 2 )
	=	11.828	/	28.611
	=	41.34 %

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

Record (LSE:REC) 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.

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Record Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Record PLC (LSE:REC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Madeira Walk, Morgan House, Windsor, Berkshire, GBR, SL4 1EP

Website

https://www.recordfg.com

Record PLC is a United Kingdom-based company currency and asset management firm. The company provides services to clients such as pension funds, charities, foundations, endowments, family offices, and other fund managers and corporate entities. Geographically, it derives a majority of its revenue from the United States and also has a presence in the United Kingdom, Switzerland, Europe (excluding UK and Switzerland), and other countries. Revenue comprises mainly management fees and performance fees. Its reportable segments are Currency Management and Asset Management. The maximum revenue is derived from the currency management segment which comprises bespoke solutions for clients including Passive Hedging, Dynamic Hedging, Hedging for Asset Managers, and FX Alpha products.