Olympia Financial Group (TSX:OLY) ROCE % : 100.50% (As of Sep. 2023)

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What is Olympia Financial 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. Olympia Financial Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 100.50%.

Olympia Financial Group ROCE % Historical Data

The historical data trend for Olympia Financial 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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Olympia Financial Group ROCE % Chart

Olympia Financial Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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99.12

51.40

58.53

47.66

80.22

Olympia Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															91.81	124.63	96.80	96.92	100.50

Olympia Financial Group ROCE % Calculation

Olympia Financial Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	18.582	/	( ( (36.557 - 16.556)	+	(37.496 - 11.172) )	/ 2 )
	=	18.582	/	( (20.001	+	26.324)	/ 2 )
	=	18.582	/	23.1625
	=	80.22 %

Olympia Financial Group'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	32.656	/	( ( (54.135 - 22.883)	+	(51.56 - 17.825) )	/ 2 )
	=	32.656	/	( ( 31.252	+	33.735 )	/ 2 )
	=	32.656	/	32.4935
	=	100.50 %

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

Olympia Financial Group (TSX:OLY) 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.

Olympia Financial Group ROCE % Related Terms

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Olympia Financial Group (TSX:OLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Olympia Financial Group Inc (TSX:OLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4000, 520 - 3rd Avenue SW, Calgary, AB, CAN, T2P 0R3

Website

https://www.olympiafinancial.com

Olympia Financial Group Inc is engaged in providing financial services. The company's operating segments are Private Health Services Plan division which markets, sells and administers health and dental benefits to business owners; Investment Account Services division specializes in registered account administration; The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies; The Exempt Edge division is focused on Onboarding fees; The Corporate and Shareholder Services division, which acts as a cost centre and the Corporate Division.

Executives

Rick Skauge

10% Security Holder, Director, Senior Officer

Olympia Financial Group (TSX:OLY) Headlines

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