Intuit (MEX:INTU) ROCE % : 4.60% (As of Oct. 2024)

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What is Intuit 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. Intuit's annualized ROCE % for the quarter that ended in Oct. 2024 was 4.60%.

Intuit ROCE % Historical Data

The historical data trend for Intuit'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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Intuit ROCE % Chart

Intuit Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

ROCE %

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40.03

24.44

14.32

12.22

16.41

Intuit Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															5.76	6.83	51.31	-1.33	4.60

Intuit ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	70521.72	/	( ( (464434.374 - 63362.357)	+	(597574.87 - 139313.873) )	/ 2 )
	=	70521.72	/	( (401072.017	+	458260.997)	/ 2 )
	=	70521.72	/	429666.507
	=	16.41 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	21874.288	/	( ( (597574.87 - 139313.873)	+	(664902.26 - 172650.636) )	/ 2 )
	=	21874.288	/	( ( 458260.997	+	492251.624 )	/ 2 )
	=	21874.288	/	475256.3105
	=	4.60 %

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

Intuit (MEX:INTU) 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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Intuit Business Description

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Comparable Companies

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INTU:USA 1INTU:Italy 0JCT:UK ITU:Germany ITU:Germany ITU:Germany ITU:Germany INTU34:Brazil

Address

2700 Coast Avenue, Mountain View, CA, USA, 94043

Website

https://www.intuit.com

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of US market share for small-business accounting and do-it-yourself tax-filing software.