Sapiens International NV (Sapiens International NV) ROCE % : 15.29% (As of Dec. 2023)

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What is Sapiens International NV 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. Sapiens International NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.29%.

Sapiens International NV ROCE % Historical Data

The historical data trend for Sapiens International NV'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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Sapiens International NV ROCE % Chart

Sapiens International NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.82

9.84

10.63

12.34

14.84

Sapiens International NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															13.29	14.58	15.29	15.85	15.29

Sapiens International NV ROCE % Calculation

Sapiens International NV'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 )
	=	78.868	/	( ( (668.344 - 145.956)	+	(689.624 - 149.124) )	/ 2 )
	=	78.868	/	( (522.388	+	540.5)	/ 2 )
	=	78.868	/	531.444
	=	14.84 %

Sapiens International NV's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	80.356	/	( ( (650.153 - 139.601)	+	(689.624 - 149.124) )	/ 2 )
	=	80.356	/	( ( 510.552	+	540.5 )	/ 2 )
	=	80.356	/	525.526
	=	15.29 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sapiens International NV (NAS:SPNS) 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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Sapiens International NV (Sapiens International NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sapiens International Corp NV (NAS:SPNS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPNS:Israel S3P:Germany S3P:Germany

Address

26 Harokmim Street, Azrieli Center, Holon, ISR, 5885800

Website

https://www.sapiens.com

Sapiens International Corp NV is a provider of software solutions for the insurance industry, with an emerging focus on the financial services sector. The company offers software, solutions and professional services for property & casualty (P&C); reinsurance; life, pension & annuity (L&A); workers' compensation (WC); medical professional liability (MPL); financial & compliance (F&C); and decision modelling for both insurance and financial markets. The group also provides services for project delivery and implementation services, for its Software Solutions portfolio. Geographically, it operates in the region of North America, United Kingdom, Israel, and other European countries and Rest of the World and derives the majority of its income from North American region.