PJT Partners (PJT Partners) ROCE % : 19.55% (As of Dec. 2023)

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What is PJT Partners 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. PJT Partners's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.55%.

PJT Partners ROCE % Historical Data

The historical data trend for PJT Partners'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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PJT Partners ROCE % Chart

PJT Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.25

27.27

24.18

24.39

17.77

PJT Partners 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															27.49	15.23	26.36	18.61	19.55

PJT Partners ROCE % Calculation

PJT Partners'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 )
	=	208.402	/	( ( (1050.652 - 71.547)	+	(1434.978 - 68.812) )	/ 2 )
	=	208.402	/	( (979.105	+	1366.166)	/ 2 )
	=	208.402	/	1172.6355
	=	17.77 %

PJT Partners'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 )
	=	242.716	/	( ( (1194.919 - 78.103)	+	(1434.978 - 68.812) )	/ 2 )
	=	242.716	/	( ( 1116.816	+	1366.166 )	/ 2 )
	=	242.716	/	1241.491
	=	19.55 %

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

PJT Partners (NYSE:PJT) 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.

PJT Partners ROCE % Related Terms

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PJT Partners (PJT Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » PJT Partners Inc (NYSE:PJT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1PJ:Germany 1PJ:Germany

Address

280 Park Avenue, New York, NY, USA, 10017

Website

https://www.pjtpartners.com

PJT Partners Inc is an advisory-focused investment bank that offers a portfolio of advisory services designed to help its clients achieve their strategic objectives. The company delivers a range of strategic advisory, capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments around the world. It also provides private fund advisory and fundraising services for alternative investment strategies, including private equity, real estate, hedge funds, and private credit. The company generates its revenue from advisory fees, placement fees, and others. Geographically, It generates a majority of its revenue from the United States.

Executives

Ji-yeun Lee	officer: Managing Partner	C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Helen T Meates	officer: Chief Financial Officer	C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Kievdi Don Cornwell	director	C/O PJT PARTNERS INC., 280 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10017
Grace Reksten Skaugen	director	C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
David Adam Travin	officer: General Counsel	C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
James W Cuminale	officer: General Counsel	ONE PICKWICK PLAZA, GREENWICH CT 06830
Paul J Taubman	director, officer: Chairman and CEO	C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Dennis S Hersch	director	8000 WALTON PARKWAY, SUITE 100, NEW ALBANY OH 43054
James Costos	director	C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Thomas M Ryan	director	ONE CVS DR, WOONSOCKET RI 02895
Kenneth C Whitney	director	C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Emily K Rafferty	director	C/O PJT PARTNERS INC., 280 PARK AVENUE, NEW YORK NY 10017
Kathleen Skero	officer: See Remarks	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Michael Chae	officer: Chief Financial Officer	345 PARK AVENUE, NEW YORK NY 10154