Predicted to enable ceramide-1-phosphate phosphatase activity; phosphatidate phosphatase activity; and sphingosine-1-phosphate phosphatase activity. Involved in regulation of cell cycle G1/S phase transition. Predicted to be located in caveola; early endosome; and endoplasmic reticulum. Predicted to be integral component of membrane. Predicted to be integral component of plasma membrane. Orthologous to human PLPP2 (phospholipid phosphatase 2). [provided by Alliance of Genome Resources, Apr 2022]