Pasquarelli Auto SpA (MIL:PSQ) ROCE % : 31.82% (As of Dec. 2022)

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What is Pasquarelli Auto SpA 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. Pasquarelli Auto SpA's annualized ROCE % for the quarter that ended in Dec. 2022 was 31.82%.

Pasquarelli Auto SpA ROCE % Historical Data

The historical data trend for Pasquarelli Auto SpA'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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Pasquarelli Auto SpA ROCE % Chart

Pasquarelli Auto SpA Annual Data

Trend

Dec21

Dec22

ROCE %

26.96

31.82

Pasquarelli Auto SpA Semi-Annual Data
	Dec21	Dec22
ROCE %	26.96	31.82

Pasquarelli Auto SpA ROCE % Calculation

Pasquarelli Auto SpA'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 )
	=	8.121	/	( ( (55.157 - 33.419)	+	(73.875 - 44.567) )	/ 2 )
	=	8.121	/	( (21.738	+	29.308)	/ 2 )
	=	8.121	/	25.523
	=	31.82 %

Pasquarelli Auto SpA's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	8.121	/	( ( (55.157 - 33.419)	+	(73.875 - 44.567) )	/ 2 )
	=	8.121	/	( ( 21.738	+	29.308 )	/ 2 )
	=	8.121	/	25.523
	=	31.82 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Pasquarelli Auto SpA (MIL:PSQ) 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.

Pasquarelli Auto SpA ROCE % Related Terms

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Pasquarelli Auto SpA (MIL:PSQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pasquarelli Auto SpA (MIL:PSQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

O01:Germany

Address

Via Piane Sant'Angelo, 202, exit A14 Vasto Sud, San Salvo, Chieti, ITA, 66050

Website

https://www.pasquarelliauto.it

Pasquarelli Auto SpA operates as an auto retailing company. It offers cars in general, new and used, motorcycles and motorbikes, spare parts and accessories for cars and motorbikes. Its services include repairs and maintenance, rental, finance, and insurance services.