SPB Exchange PJSC (MIC:SPBE) ROCE %: 1.93% (As of Jun. 2023)


MIC:SPBE SPB Exchange PJSC MIC:SPBE
23 GF Score
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What is SPB Exchange PJSC ROCE %?

SPB Exchange PJSC MIC:SPBE -6.85% 23 ROCE % is 1.93% as of Jun. 2023. GuruFocus rates MIC:SPBE with a GF Score™ of 23/100.

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. SPB Exchange PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 1.93%.

SPB Exchange PJSC  (MIC:SPBE) 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.

SPB Exchange PJSC ROCE % Related Terms

SPB Exchange PJSC ROCE % Historical Data

* Premium members only.

The historical data trend for SPB Exchange PJSC'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.

SPB Exchange PJSC ROCE % Chart

SPB Exchange PJSC Annual Data
Trend Dec19 Dec20 Dec21
ROCE %
2.80 12.59 5.41

SPB Exchange PJSC Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
ROCE % Get a 7-Day Free Trial -4.45 18.70 -9.87 14.40 1.93
MIC:SPBE
23GF Score
SPB Exchange PJSC MIC:SPBE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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SPB Exchange PJSC ROCE % Calculation

SPB Exchange PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=580.947/( ( (18327.009 - 14335.007) + (17748.207 - 282.917) )/ 2 )
=580.947/( (3992.002+17465.29)/ 2 )
=580.947/10728.646
=5.41 %

SPB Exchange PJSC'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: Jun. 2022 )(Q: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2023 )  (Q: Jun. 2022 )(Q: Jun. 2023 )
=2147.442/( ( (0 - 0) + (111570.657 - 107.471) )/ 1 )
=2147.442/( ( 0 + 111463.186 )/ 1 )
=2147.442/111463.186
=1.93 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 1.93% mean?
SPB Exchange PJSC (MIC:SPBE) has a ROCE % of 1.93% as of Jun. 2023.
Is SPB Exchange PJSC's ROCE % too high?
SPB Exchange PJSC's current ROCE % is 1.93%. The Capital Markets industry median ROCE % is 5.58. SPB Exchange PJSC's value of 1.93% is 65.4% below this industry median. Overall, SPB Exchange PJSC has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does SPB Exchange PJSC's ROCE % compare to SPGI and CME?
SPB Exchange PJSC's ROCE % of 1.93% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. SPB Exchange PJSC's value of 1.93% is 65.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SPB Exchange PJSC's current ROCE % of 1.93% is 65.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPB Exchange PJSC's current ROCE % is 1.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPB Exchange PJSC stock overvalued right now?
SPB Exchange PJSC (MIC:SPBE) has a current ROCE % of 1.93%. The current ROCE % is 1.93% and 65.4% below the Capital Markets industry median of 5.58. SPB Exchange PJSC's overall GF Score™ is 23/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For SPB Exchange PJSC (MIC:SPBE), the current ROCE % is 1.93% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SPB Exchange PJSC Business Description

Address 38 Dolgorukovskaya Street, Building 1, Moscow, RUS, 127006
SPB Exchange PJSC is an exchange for international securities in the Russian financial market. It operates according to a business-to-business and business-to-customer model, simultaneously focusing on retail investors and financial intermediaries as direct customers. The company provides access to investment products for Russian and international investors, operating through its trading infrastructure and order-routing mechanisms.
23GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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