Playtech (LSE:PTEC) ROCE % : 13.25% (As of Dec. 2023)

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What is Playtech 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. Playtech's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.25%.

Playtech ROCE % Historical Data

The historical data trend for Playtech'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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Playtech ROCE % Chart

Playtech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.17

-0.21

25.04

5.69

10.88

Playtech 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															26.08	8.91	1.19	7.78	13.25

Playtech ROCE % Calculation

Playtech'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 )
	=	234.932	/	( ( (2628.592 - 657.844)	+	(2865.193 - 515.783) )	/ 2 )
	=	234.932	/	( (1970.748	+	2349.41)	/ 2 )
	=	234.932	/	2160.079
	=	10.88 %

Playtech'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 )
	=	304.972	/	( ( (2924.393 - 670.583)	+	(2865.193 - 515.783) )	/ 2 )
	=	304.972	/	( ( 2253.81	+	2349.41 )	/ 2 )
	=	304.972	/	2301.61
	=	13.25 %

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

Playtech (LSE:PTEC) 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.

Playtech ROCE % Related Terms

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Playtech (LSE:PTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Playtech PLC (LSE:PTEC) » Definitions » ROCE %

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PTECl:UK

Address

Upper Church Street, Ground Floor, St George’s Court, Douglas, IMN, IM1 1EE

Website

https://www.playtech.com

Playtech PLC specializes in gambling software for various online gambling networks that include online casinos, online bingo, mobile gaming, and online sports betting. The company's open platform software allows customers to build and market casino games that include blackjack, baccarat, slots, and roulette. The company's business segments are gaming B2B and gaming B2C. Gaming B2B is the division that operates casinos, services, sports, bingo, poker, and other B2B gambling. The segment gaming B2C controls Snaitech, Sun Bingo, and other B2C gambling. The company is based on the Isle of Man and generates the majority of its revenue from Italy and the United Kingdom.