I-Remit (PHS:I) ROCE % : -63.24% (As of Sep. 2024)

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What is I-Remit 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. I-Remit's annualized ROCE % for the quarter that ended in Sep. 2024 was -63.24%.

I-Remit ROCE % Historical Data

The historical data trend for I-Remit'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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I-Remit ROCE % Chart

I-Remit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.90

-5.95

-8.34

-37.92

-50.91

I-Remit Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-65.05	-65.57	-89.29	-72.45	-63.24

I-Remit ROCE % Calculation

I-Remit'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 )
	=	-436.911	/	( ( (2374.396 - 1196.675)	+	(2457.58 - 1918.923) )	/ 2 )
	=	-436.911	/	( (1177.721	+	538.657)	/ 2 )
	=	-436.911	/	858.189
	=	-50.91 %

I-Remit's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-309.808	/	( ( (2058.218 - 1543.087)	+	(2002.939 - 1538.223) )	/ 2 )
	=	-309.808	/	( ( 515.131	+	464.716 )	/ 2 )
	=	-309.808	/	489.9235
	=	-63.24 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

I-Remit (PHS:I) 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.

I-Remit ROCE % Related Terms

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I-Remit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » I-Remit Inc (PHS:I) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 ADB Avenue, 26th Floor, Discovery Centre, Ortigas Center, Metro Manila, Pasig, QUE, PHL, 1605

Website

https://www.iremitx.com

I-Remit Inc is a Philippine-based firm. The company with its subsidiaries provides fund transfer and remittance services to overseas Filipino workers and other migrant workers. It offers the bank-to-bank facility for online crediting to a bank account, delivers cash remittances to designated beneficiaries, and provides a visa card, a debit, and an automated teller machine card for sending money to their beneficiaries. The company operates in four geographical segments namely, the Philippines which contributes a majority of revenue, Asia Pacific, North America, and Europe segment.

I-Remit Headlines

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