Polar Capital Holdings (LSE:POLR) ROCE % : 29.81% (As of Sep. 2023)

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What is Polar Capital Holdings 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. Polar Capital Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 29.81%.

Polar Capital Holdings ROCE % Historical Data

The historical data trend for Polar Capital Holdings'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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Polar Capital Holdings ROCE % Chart

Polar Capital Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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62.28

42.69

47.29

38.36

29.04

Polar Capital Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															39.83	36.86	29.75	29.62	29.81

Polar Capital Holdings ROCE % Calculation

Polar Capital Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	45.379	/	( ( (249.852 - 90.097)	+	(241.68 - 88.945) )	/ 2 )
	=	45.379	/	( (159.755	+	152.735)	/ 2 )
	=	45.379	/	156.245
	=	29.04 %

Polar Capital Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	42.33	/	( ( (241.68 - 88.945)	+	(197.049 - 65.765) )	/ 2 )
	=	42.33	/	( ( 152.735	+	131.284 )	/ 2 )
	=	42.33	/	142.0095
	=	29.81 %

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

Polar Capital Holdings (LSE:POLR) 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.

Polar Capital Holdings ROCE % Related Terms

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Polar Capital Holdings (LSE:POLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Holdings PLC (LSE:POLR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

POLR.GB:UK XZF:Germany

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapital.co.uk

Polar Capital Holdings PLC is a specialist investment management company. It offers professional and institutional investors a range of geographical and sector funds. The company has long-only and absolute return funds in its product range. The company offers fundamental funds diversified by asset class, geographical, sectoral specialization, and structure. It operates in the United Kingdom, Ireland, Cayman, and Europe. The group's revenue-generating operations are in London.

Polar Capital Holdings (LSE:POLR) Headlines

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