Computer Direct Group (XTAE:CMDR) ROCE % : 28.72% (As of Mar. 2024)

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What is Computer Direct Group 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. Computer Direct Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.72%.

Computer Direct Group ROCE % Historical Data

The historical data trend for Computer Direct Group'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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Computer Direct Group ROCE % Chart

Computer Direct Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.93

20.56

22.26

24.03

26.09

Computer Direct Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															26.59	26.10	25.18	26.86	28.72

Computer Direct Group ROCE % Calculation

Computer Direct Group'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 )
	=	268.244	/	( ( (2023.915 - 1040.53)	+	(2251.91 - 1178.733) )	/ 2 )
	=	268.244	/	( (983.385	+	1073.177)	/ 2 )
	=	268.244	/	1028.281
	=	26.09 %

Computer Direct Group'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 )
	=	305.24	/	( ( (2251.91 - 1178.733)	+	(2282.598 - 1229.846) )	/ 2 )
	=	305.24	/	( ( 1073.177	+	1052.752 )	/ 2 )
	=	305.24	/	1062.9645
	=	28.72 %

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

Computer Direct Group (XTAE:CMDR) 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.

Computer Direct Group ROCE % Related Terms

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Computer Direct Group (XTAE:CMDR) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Computer Direct Group Ltd (XTAE:CMDR) » Definitions » ROCE %

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Address

Haamal Street 1, Afek Industrial Park, Rosh Haayin, ISR, 48092

Website

http://www.one1.co.il

Computer Direct Group Ltd is an Information Technology company. The company provides end-to-end IT solutions through in various market segments, including telecom, industry, IT, banking and finance, insurance, retail, commerce, and more. It is also engaged in the hardware products and IT systems marketing segment, and in the provision of comprehensive managed services in the organizational IT segment.

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