Peoplein (ASX:PPE) ROCE % : 6.87% (As of Dec. 2023)

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What is Peoplein 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. Peoplein's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.87%.

Peoplein ROCE % Historical Data

The historical data trend for Peoplein'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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Peoplein ROCE % Chart

Peoplein Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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19.54

21.12

20.29

14.49

14.22

Peoplein Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								13.34	18.21	17.79	9.96	6.87

Peoplein ROCE % Calculation

Peoplein's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	35.663	/	( ( (364.796 - 120.214)	+	(396.868 - 139.73) )	/ 2 )
	=	35.663	/	( (244.582	+	257.138)	/ 2 )
	=	35.663	/	250.86
	=	14.22 %

Peoplein'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 )
	=	17.1	/	( ( (396.868 - 139.73)	+	(405.684 - 164.643) )	/ 2 )
	=	17.1	/	( ( 257.138	+	241.041 )	/ 2 )
	=	17.1	/	249.0895
	=	6.87 %

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

Peoplein (ASX:PPE) 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.

Peoplein ROCE % Related Terms

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Peoplein (ASX:PPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Peoplein Ltd (ASX:PPE) » Definitions » ROCE %

Comparable Companies

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N/A

Address

540 Wickham Street, Level 6, Fortitude Valley, QLD, AUS, 4006

Website

https://www.peoplein.com.au

Peoplein Ltd is a workforce management company. It delivers solutions to the workforce challenges faced by businesses in Australia. It provides recruiting, on-boarding, contracting, rostering, timesheet management, payroll, and workplace health and safety management. It also operates in disability care, childcare, infrastructure, mining, agriculture, and hospitality. It also operates under Health and Community Care, Information Technology and General Staffing, and Specialist Services. The Group segments the business into three verticals, Industrial and Specialist Services, Professional Services and Health and Community. The Group generates the majority of its revenue from Industrial and Specialist Services.

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