P10 (FRA:AC3) ROCE % : 3.21% (As of Dec. 2023)

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What is P10 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. P10's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.21%.

P10 ROCE % Historical Data

The historical data trend for P10'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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P10 ROCE % Chart

P10 Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

15.30

4.45

6.13

7.25

2.62

P10 Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											3.63	2.79	5.28	-0.83	3.21

P10 ROCE % Calculation

P10'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 )
	=	17.177	/	( ( (780.084 - 111.26)	+	(764.846 - 123.808) )	/ 2 )
	=	17.177	/	( (668.824	+	641.038)	/ 2 )
	=	17.177	/	654.931
	=	2.62 %

P10'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	20.996	/	( ( (763.428 - 94.83)	+	(764.846 - 123.808) )	/ 2 )
	=	20.996	/	( ( 668.598	+	641.038 )	/ 2 )
	=	20.996	/	654.818
	=	3.21 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

P10 (FRA:AC3) 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.

P10 ROCE % Related Terms

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P10 (FRA:AC3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » P10 Inc (FRA:AC3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PX:USA

Address

4514 Cole Avenue, Suite 1600, Dallas, TX, USA, 75205

Website

https://www.p10alts.com

P10 Inc is a multi-asset class private market solutions provider in the alternative asset management industry. Its revenue is composed of recurring management and advisory fees, with the vast majority of fees earned on committed capital.

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