Groupe Partouche (FRA:PZ21) ROCE % : 3.23% (As of Oct. 2023)

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What is Groupe Partouche 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. Groupe Partouche's annualized ROCE % for the quarter that ended in Oct. 2023 was 3.23%.

Groupe Partouche ROCE % Historical Data

The historical data trend for Groupe Partouche'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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Groupe Partouche ROCE % Chart

Groupe Partouche Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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6.41

-1.59

-7.30

7.20

5.19

Groupe Partouche 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															13.64	9.79	5.20	7.13	3.23

Groupe Partouche ROCE % Calculation

Groupe Partouche'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 )
	=	32.193	/	( ( (798.334 - 179.016)	+	(804.337 - 184.254) )	/ 2 )
	=	32.193	/	( (619.318	+	620.083)	/ 2 )
	=	32.193	/	619.7005
	=	5.19 %

Groupe Partouche'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 )
	=	20.098	/	( ( (808.395 - 184.638)	+	(804.337 - 184.254) )	/ 2 )
	=	20.098	/	( ( 623.757	+	620.083 )	/ 2 )
	=	20.098	/	621.92
	=	3.23 %

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

Groupe Partouche (FRA:PZ21) 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.

Groupe Partouche ROCE % Related Terms

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Groupe Partouche (FRA:PZ21) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Groupe Partouche (FRA:PZ21) » Definitions » ROCE %

Comparable Companies

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PARP:France

Address

141 bis, Rue de Saussure, Paris, FRA, 75017

Website

https://www.groupepartouche.com

Groupe Partouche is a France-based company that owns and operates casinos and Hotels. It conducts its activities in France, Belgium, and Switzerland. The games that the company provides include Boule, Texas Hold'em poker, and electronic roulette and slot machines. The company's segments are divided into Casinos, Hotels, and Other Activities. The Casino division, comprises gaming, catering, and entertainment, the Hotel division, comprises accommodation and hospitality services. The majority of the revenue is generated from the Casinos segment. The group also operates in the rest of Europe and at the international level.

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