Pico Far East Holdings (Pico Far East Holdings) ROCE % : 13.27% (As of Oct. 2023)

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What is Pico Far East 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. Pico Far East Holdings's annualized ROCE % for the quarter that ended in Oct. 2023 was 13.27%.

Pico Far East Holdings ROCE % Historical Data

The historical data trend for Pico Far East 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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Pico Far East Holdings ROCE % Chart

Pico Far East Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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13.53

3.08

6.11

7.20

12.48

Pico Far East Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															7.93	6.30	8.31	11.18	13.27

Pico Far East Holdings ROCE % Calculation

Pico Far East Holdings's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	43.627	/	( ( (638.44 - 287.249)	+	(646.743 - 298.598) )	/ 2 )
	=	43.627	/	( (351.191	+	348.145)	/ 2 )
	=	43.627	/	349.668
	=	12.48 %

Pico Far East Holdings's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	47.182	/	( ( (657.86 - 294.77)	+	(646.743 - 298.598) )	/ 2 )
	=	47.182	/	( ( 363.09	+	348.145 )	/ 2 )
	=	47.182	/	355.6175
	=	13.27 %

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

Pico Far East Holdings (OTCPK:PCOFF) 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.

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Pico Far East Holdings (Pico Far East Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Pico Far East Holdings Ltd (OTCPK:PCOFF) » Definitions » ROCE %

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Traded in Other Exchanges

00752:Hong Kong PJFB:Germany

Address

Pico House, 4 Dai Fu Street, Tai Po Industrial Estate, New Territories, Hong Kong, HKG

Website

https://www.pico.com

Pico Far East Holdings Ltd is in brand activation. It promotes brands provides exhibition and event marketing services. Its services include events, exhibitions, visual identity, interior and retail, themed environment, venue management, conference and exhibition management, expo, and sports. The company's operating segment includes Exhibition, event and brand activation; Visual branding activation; Museum and themed environment and Meeting architecture activation. It generates maximum revenue from the Exhibition, event and brand activation segment. Geographically, it derives a majority of revenue from Greater China.

Pico Far East Holdings (Pico Far East Holdings) Headlines

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