Palestine Securities Exchange (XPAE:PSE) ROCE % : 3.89% (As of Dec. 2023)

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What is Palestine Securities Exchange 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. Palestine Securities Exchange's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.89%.

Palestine Securities Exchange ROCE % Historical Data

The historical data trend for Palestine Securities Exchange'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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Palestine Securities Exchange ROCE % Chart

Palestine Securities Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.28

2.83

8.87

9.50

7.34

Palestine Securities Exchange 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															-1.50	8.92	3.11	13.59	3.89

Palestine Securities Exchange ROCE % Calculation

Palestine Securities Exchange'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 )
	=	1.011	/	( ( (14.666 - 0.834)	+	(14.59 - 0.889) )	/ 2 )
	=	1.011	/	( (13.832	+	13.701)	/ 2 )
	=	1.011	/	13.7665
	=	7.34 %

Palestine Securities Exchange'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 )
	=	0.532	/	( ( (14.652 - 0.979)	+	(14.59 - 0.889) )	/ 2 )
	=	0.532	/	( ( 13.673	+	13.701 )	/ 2 )
	=	0.532	/	13.687
	=	3.89 %

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

Palestine Securities Exchange (XPAE:PSE) 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.

Palestine Securities Exchange ROCE % Related Terms

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Palestine Securities Exchange (XPAE:PSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Palestine Securities Exchange PLC (XPAE:PSE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rafedya Street, P.O.Box 128 Nablus, Seventh Floor, ASAL building, Nablus, PSE

Website

https://www.pex.ps

Palestine Securities Exchange PLC operates as a regulated stock exchange to facilitate and maximize the flow of long-term investment capital into the Palestinian economy. It provides a fair, transparent, and efficient market for securities trading. The company focuses on attracting a range of regional and global investors including those among the Palestinian Diaspora. The company arises its revenues from security trading and transfer commission, membership of brokerage firms, registration fees for listed companies, and collateral commissions, interest income, dividend income, rental income and other income.

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