Pollard Banknote (FRA:67L) ROCE % : 16.20% (As of Dec. 2023)

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What is Pollard Banknote 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. Pollard Banknote's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.20%.

Pollard Banknote ROCE % Historical Data

The historical data trend for Pollard Banknote'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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Pollard Banknote ROCE % Chart

Pollard Banknote Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.92

15.64

9.44

7.99

11.79

Pollard Banknote Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															12.11	7.84	11.57	11.33	16.20

Pollard Banknote ROCE % Calculation

Pollard Banknote's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	32.849	/	( ( (352.121 - 77.879)	+	(352.496 - 69.314) )	/ 2 )
	=	32.849	/	( (274.242	+	283.182)	/ 2 )
	=	32.849	/	278.712
	=	11.79 %

Pollard Banknote's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	46.3	/	( ( (346.828 - 58.331)	+	(352.496 - 69.314) )	/ 2 )
	=	46.3	/	( ( 288.497	+	283.182 )	/ 2 )
	=	46.3	/	285.8395
	=	16.20 %

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

Pollard Banknote (FRA:67L) 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.

Pollard Banknote ROCE % Related Terms

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Pollard Banknote (FRA:67L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pollard Banknote Ltd (FRA:67L) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PBKOF:USA PBL:Canada

Address

140 Otter Street, Winnipeg, MB, CAN, R3T 0M8

Website

https://www.pollardbanknote.com

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries, charitable gaming, Retail and eGaming systems. The company has its geographic presence in Canada, United States and International. It generates majority of the revenue from United States .

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