Splitit Payments (ASX:SPT) ROCE % : -19.23% (As of Jun. 2023)

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What is Splitit Payments 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. Splitit Payments's annualized ROCE % for the quarter that ended in Jun. 2023 was -19.23%.

Splitit Payments ROCE % Historical Data

The historical data trend for Splitit Payments'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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Splitit Payments ROCE % Chart

Splitit Payments Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-128.50

-31.35

-28.09

-15.00

Splitit Payments Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial					-23.25	-29.89	-17.61	-13.62	-19.23

Splitit Payments ROCE % Calculation

Splitit Payments's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-21.809	/	( ( (151.519 - 6.905)	+	(153.663 - 7.561) )	/ 2 )
	=	-21.809	/	( (144.614	+	146.102)	/ 2 )
	=	-21.809	/	145.358
	=	-15.00 %

Splitit Payments's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-24.66	/	( ( (153.663 - 7.561)	+	(120.891 - 10.5) )	/ 2 )
	=	-24.66	/	( ( 146.102	+	110.391 )	/ 2 )
	=	-24.66	/	128.2465
	=	-19.23 %

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

Splitit Payments (ASX:SPT) 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.

Splitit Payments ROCE % Related Terms

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Splitit Payments (ASX:SPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Splitit Payments Ltd (ASX:SPT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STTTF:USA

Address

32 HaArba'a Street, Tel Aviv, ISR, 6473970

Website

https://www.splitit.com

Splitit Payments Ltd is a cross-border payment solution enabling customers to pay for purchases with an existing debit or credit card by splitting the purchase into fee and interest-free monthly installments, without the need for registration, application, or approval. Splitit operates in three geographical regions: North America, the United Kingdom & Europe, and Australia.