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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. FlexShopper's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.00%.
The historical data trend for FlexShopper'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.
FlexShopper Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 15.20 | 9.65 | 15.07 | 7.83 | 9.76 |
FlexShopper 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 | 28.88 | 15.55 | -6.10 | 17.87 | 16.00 |
FlexShopper'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 ) | |||||
= | 13.69 | / | ( ( (148.29 - 12.228) | + | (156.49 - 12.134) ) | / 2 ) | |
= | 13.69 | / | ( (136.062 | + | 144.356) | / 2 ) | |
= | 13.69 | / | 140.209 | ||||
= | 9.76 % |
FlexShopper'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 ) | |||||
= | 22.468 | / | ( ( (144.417 - 7.878) | + | (156.49 - 12.134) ) | / 2 ) | |
= | 22.468 | / | ( ( 136.539 | + | 144.356 ) | / 2 ) | |
= | 22.468 | / | 140.4475 | ||||
= | 16.00 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
FlexShopper (NAS:FPAY) 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.
Thank you for viewing the detailed overview of FlexShopper's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Howard Dvorkin | director, 10 percent owner | 6360 NW 5 WAY, FORT LAUDERDALE FL 33309 |
John Davis | officer: COO | 2445 TECHNOLOGY FOREST BLVD., STE. 800, THE WOODLANDS TX 77381 |
House Richard R Jr | officer: Chief Executive Officer | C/O ATLANTICUS HOLDINGS CORP, FIVE CONCOURSE PARKWAY SUITE 300, ATLANTA GA 30328 |
Thomas O. Katz | director | C/O FLEXSHOPPER, INC., 901 YAMATO ROAD, SUITE 260, BOCA RATON FL 33431 |
James Douglas Allen | director | 2221 E. LAMAR BLVD. SUITE 790, ARLINGTON TX 76006 |
Brad Mitchell Bernstein | director, 10 percent owner, officer: President | C/O ANCHOR FUNDING SERVICES, INC., 10801 JOHNSTON ROAD SUITE 210, CHARLOTTE NC 28226 |
T Scott King | director | 4100 HOLIDAY ST NW, CANTON OH 44718 |
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Ravi Radhakrishnan | officer: Chief Risk Officer | 2700 N. MILITARY TRAIL, SUITE 200, BOCA RATON FL 33431 |
Waterfall Asset Management, Llc | 10 percent owner | 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036 |
Heiser Harold Russell Jr. | officer: CFO | 2700 NORTH MILITARY TRAIL, SUITE 200, BOCA RATON FL 33431 |
Katherine Verner | director | C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660 |
Daniel Ballen | director | 650 NEWPORT CENTER DRIVE C/O PIMCO, NEWPORT BEACH CA 92660 |
Pimco Bravo Fund Ii, L.p. | 10 percent owner | 840 NEWPORT CENTER DRIVE, SUITE 100, NEWPORT BEACH CA 92660 |
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