Porch Group (FRA:32RD) ROCE % : -2.20% (As of Mar. 2024)

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What is Porch Group 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. Porch Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.20%.

Porch Group ROCE % Historical Data

The historical data trend for Porch Group'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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Porch Group ROCE % Chart

Porch Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-36.14

-24.82

-25.20

-20.58

Porch Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													-28.23	-65.87	4.21	7.80	-2.20

Porch Group ROCE % Calculation

Porch Group'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 )
	=	-93.06	/	( ( (990.31 - 486.763)	+	(824.743 - 423.793) )	/ 2 )
	=	-93.06	/	( (503.547	+	400.95)	/ 2 )
	=	-93.06	/	452.2485
	=	-20.58 %

Porch Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-8.82	/	( ( (824.743 - 423.793)	+	(810.624 - 408.461) )	/ 2 )
	=	-8.82	/	( ( 400.95	+	402.163 )	/ 2 )
	=	-8.82	/	401.5565
	=	-2.20 %

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

Porch Group (FRA:32RD) 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.

Porch Group ROCE % Related Terms

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Porch Group (FRA:32RD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Porch Group Inc (FRA:32RD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PRCH:USA 32RD:Germany

Address

411 1st Avenue South, Suite 501, Seattle, WA, USA, 98104

Website

https://porch.com

Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment has three types of customers: home services companies, such as home inspectors, mortgage companies, and loan officers, consumers, such as homebuyers and homeowners, and service providers, such as moving companies, security companies, and title companies, and The insurance segment offers various property-related insurance policies through its risk-bearing carrier, independent agency, and risk-bearing home warranty companies.

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