Jarvis Securities (LSE:JIM) ROCE % : 52.83% (As of Dec. 2023)

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What is Jarvis Securities 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. Jarvis Securities's annualized ROCE % for the quarter that ended in Dec. 2023 was 52.83%.

Jarvis Securities ROCE % Historical Data

The historical data trend for Jarvis Securities'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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Jarvis Securities ROCE % Chart

Jarvis Securities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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78.43

109.60

128.91

116.56

98.12

Jarvis Securities Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															82.27	121.27	117.10	143.68	52.83

Jarvis Securities ROCE % Calculation

Jarvis Securities'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 )
	=	5.228	/	( ( (8.687 - 3.353)	+	(8.431 - 3.109) )	/ 2 )
	=	5.228	/	( (5.334	+	5.322)	/ 2 )
	=	5.228	/	5.328
	=	98.12 %

Jarvis Securities's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	2.808	/	( ( (9.198 - 3.889)	+	(8.431 - 3.109) )	/ 2 )
	=	2.808	/	( ( 5.309	+	5.322 )	/ 2 )
	=	2.808	/	5.3155
	=	52.83 %

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

Jarvis Securities (LSE:JIM) 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.

Jarvis Securities ROCE % Related Terms

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Jarvis Securities (LSE:JIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jarvis Securities PLC (LSE:JIM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Mount Ephraim, Royal Tunbridge Wells, Kent, GBR, TN4 8BS

Website

http://www.jarvisinvest.co.uk

Jarvis Securities PLC operates in the financial services sector. Its core business is to provide retail execution-only stockbroking, ISA (Individual saving account), and SIPP (Self-invested personal pension) investment wrappers, savings schemes, financial administration, settlement, and custody services to stockbrokers, investment firms, and individuals. The company also provides outsourced financial administration services to various investment firms. Its operations are principally carried out in the United Kingdom.

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