Impac Mortgage Holdings (Impac Mortgage Holdings) ROCE % : -57.35% (As of Dec. 2022)

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What is Impac Mortgage Holdings 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. Impac Mortgage Holdings's annualized ROCE % for the quarter that ended in Dec. 2022 was -57.35%.

Impac Mortgage Holdings ROCE % Historical Data

The historical data trend for Impac Mortgage Holdings'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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Impac Mortgage Holdings ROCE % Chart

Impac Mortgage Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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1.18

4.76

1.02

3.01

-2.26

Impac Mortgage Holdings Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial															4.36	5.10	-41.91	-50.03	-57.35

Impac Mortgage Holdings ROCE % Calculation

Impac Mortgage Holdings'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 )
	=	-20.257	/	( ( (2022.771 - 285.539)	+	(60.331 - 3.622) )	/ 2 )
	=	-20.257	/	( (1737.232	+	56.709)	/ 2 )
	=	-20.257	/	896.9705
	=	-2.26 %

Impac Mortgage Holdings's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-39.284	/	( ( (93.585 - 13.292)	+	(60.331 - 3.622) )	/ 2 )
	=	-39.284	/	( ( 80.293	+	56.709 )	/ 2 )
	=	-39.284	/	68.501
	=	-57.35 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Impac Mortgage Holdings (OTCPK:IMPHP.PFD) 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.

Impac Mortgage Holdings ROCE % Related Terms

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Impac Mortgage Holdings (Impac Mortgage Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Impac Mortgage Holdings Inc (OTCPK:IMPHP.PFD) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

4000 MacArthur Boulevard, Suite 6000, Newport Beach, CA, USA, 92660

Website

https://www.impaccompanies.com

Impac Mortgage Holdings Inc is an independent residential mortgage lender. The company's segments include Mortgage Lending, Real Estate Services, and the Long-Term Mortgage Portfolio. The mortgage lending segment provides mortgage lending products through three lending channels, retail, wholesale, and correspondent, retains mortgage servicing rights, and provides warehouse lending facilities. Its Real estate services segment performs master servicing and provides loss mitigation services for securitized long-term mortgage portfolios, and Long-term mortgage portfolio consists of residual interests in securitization trusts.

Impac Mortgage Holdings (Impac Mortgage Holdings) Headlines

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