PYFRF (Payfare) ROCE % : 21.29% (As of Sep. 2024)

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What is Payfare 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. Payfare's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.29%.

Payfare ROCE % Historical Data

The historical data trend for Payfare'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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Payfare ROCE % Chart

Payfare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-119.69

-5.85

22.25

Payfare 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															30.80	29.29	27.65	24.41	21.29

Payfare ROCE % Calculation

Payfare'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 )
	=	9.882	/	( ( (159.865 - 124.149)	+	(224.84 - 171.734) )	/ 2 )
	=	9.882	/	( (35.716	+	53.106)	/ 2 )
	=	9.882	/	44.411
	=	22.25 %

Payfare'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 )
	=	13.284	/	( ( (265.278 - 204.984)	+	(271.933 - 207.441) )	/ 2 )
	=	13.284	/	( ( 60.294	+	64.492 )	/ 2 )
	=	13.284	/	62.393
	=	21.29 %

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

Payfare (OTCPK:PYFRF) 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.

Payfare ROCE % Related Terms

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Payfare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Payfare Inc (OTCPK:PYFRF) » Definitions » ROCE %

Comparable Companies

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S2R:Germany PAY:Canada

Address

550 Burrard Street, Suite 2300, Vancouver, BC, CAN, V6C 2B5

Website

https://corp.payfare.com

Payfare Inc is a fintech company offering digital banking, instant payment, and loyalty-reward solutions. Its financial technology platform is providing financial inclusion and empowerment to next-generation workers around the globe with a full-service mobile bank account and debit card with instant access to their earnings and relevant cash-back rewards. The brands that use Payfare include Lyft, Uber, and DoorDash. Geographically, the company derives its maximum revenue from the United States. The company operates in Canada and has subsidiaries in the United States and Mexico.