Mogo (TSX:MOGO) ROCE % : 42.41% (As of Dec. 2024)

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What is Mogo 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. Mogo's annualized ROCE % for the quarter that ended in Dec. 2024 was 42.41%.

Mogo ROCE % Historical Data

The historical data trend for Mogo'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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Mogo ROCE % Chart

Mogo Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-10.28

-14.51

-66.38

-7.81

-5.24

Mogo Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															31.51	-5.62	-33.98	-22.23	42.41

Mogo ROCE % Calculation

Mogo's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-6.632	/	( ( (207.763 - 73.487)	+	(189.648 - 70.973) )	/ 2 )
	=	-6.632	/	( (134.276	+	118.675)	/ 2 )
	=	-6.632	/	126.4755
	=	-5.24 %

Mogo's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	48.268	/	( ( (183.221 - 74.275)	+	(189.648 - 70.973) )	/ 2 )
	=	48.268	/	( ( 108.946	+	118.675 )	/ 2 )
	=	48.268	/	113.8105
	=	42.41 %

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

Mogo (TSX:MOGO) 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.

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Mogo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mogo Inc (TSX:MOGO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MOGO:USA SGC:Germany

Address

2100 - 401 West Georgia Street, Vancouver, BC, CAN, V6B 5A1

Website

https://www.mogo.ca

Mogo Inc is a Canadian-based financial technology company. It offers a finance application to consumers with solutions that help them to control their financial health. At Mogo, users can sign up for a free account and get access to products and solutions that help users to monitor their credit score, protect themselves from identity fraud, control their spending, and borrow responsibly. Company offers digital loans and mortgages and also offer a digital payments platform that powers next-generation card programs for both established global corporations and innovative fintech companies in Europe and Canada.

Executives

Gregory Dean Feller	Director, Senior Officer
David Marshall Feller	Director, Senior Officer
Justin Carter	Senior Officer
David Bradley Shapcott	Senior Officer
Michael A. Wekerle	10% Security Holder, Director
Alicja Davidson	Senior Officer
Kees Cornelis Van Winters	Director
Minhas Mohamed	Director