PennyMac Financial Services (FRA:1AC) ROCE % : 3.37% (As of Dec. 2023)

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What is PennyMac Financial Services 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. PennyMac Financial Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.37%.

PennyMac Financial Services ROCE % Historical Data

The historical data trend for PennyMac Financial Services'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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PennyMac Financial Services ROCE % Chart

PennyMac Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.03

17.06

9.24

6.32

2.73

PennyMac Financial Services 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															2.53	1.30	2.27	3.95	3.37

PennyMac Financial Services ROCE % Calculation

PennyMac Financial Services'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 )
	=	324.653	/	( ( (15880.519 - 4326.394)	+	(17280.464 - 5035.29) )	/ 2 )
	=	324.653	/	( (11554.125	+	12245.174)	/ 2 )
	=	324.653	/	11899.6495
	=	2.73 %

PennyMac Financial Services'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 )
	=	413.936	/	( ( (17755.507 - 5464.982)	+	(17280.464 - 5035.29) )	/ 2 )
	=	413.936	/	( ( 12290.525	+	12245.174 )	/ 2 )
	=	413.936	/	12267.8495
	=	3.37 %

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

PennyMac Financial Services (FRA:1AC) 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.

PennyMac Financial Services ROCE % Related Terms

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PennyMac Financial Services (FRA:1AC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PennyMac Financial Services Inc (FRA:1AC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PFSI:USA

Address

3043 Townsgate Road, Suite 200, Westlake Village, CA, USA, 91361

Website

https://ir.pennymacfinancial.com

PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. The company operates through three segments: production, servicing, and investment management. The company's production and servicing segment together form the mortgage banking business that includes mortgage loan origination, acquisition, and sale activities; while the investment management segment includes investment manager's activities, such as performing diligence, and managing acquired assets. The company generates the majority of revenue from its mortgage banking business.

PennyMac Financial Services (FRA:1AC) Headlines

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