Plus500 (LSE:PLUS) ROCE % : 45.88% (As of Dec. 2023)

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What is Plus500 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. Plus500's annualized ROCE % for the quarter that ended in Dec. 2023 was 45.88%.

Plus500 ROCE % Historical Data

The historical data trend for Plus500'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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Plus500 ROCE % Chart

Plus500 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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67.96

123.55

64.62

70.20

44.45

Plus500 Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															65.43	89.91	42.96	46.81	45.88

Plus500 ROCE % Calculation

Plus500'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 )
	=	271.207	/	( ( (829.21 - 179.799)	+	(793.713 - 222.938) )	/ 2 )
	=	271.207	/	( (649.411	+	570.775)	/ 2 )
	=	271.207	/	610.093
	=	44.45 %

Plus500'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	259.752	/	( ( (744.559 - 183.11)	+	(793.713 - 222.938) )	/ 2 )
	=	259.752	/	( ( 561.449	+	570.775 )	/ 2 )
	=	259.752	/	566.112
	=	45.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Plus500 (LSE:PLUS) 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.

Plus500 ROCE % Related Terms

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Plus500 (LSE:PLUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Plus500 Ltd (LSE:PLUS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLSQF:USA PLUSl:UK PLUS.GB:UK P55:Germany

Address

Matam, Building 25, Haifa, ISR, 3190500

Website

https://www.plus500.com

Plus500 Ltd is an online provider of Contracts for Difference (CFDs). The company has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,200 different underlying global financial instruments comprising equities, indices, commodities, options, exchange-traded funds (ETFs), and foreign exchange. The company enables retail customers to trade CFDs in more than 50 countries and over 31 languages. The trading platform is accessible from multiple operating systems including Windows, smartphones: iOS, Android, and Windows Phone, tablets: iOS, Android, and Surface, and web browsers. The group is engaged in three operating sectors: CFD trading; share dealing; and futures and options on futures.