Palfinger AG (WBO:PAL) ROCE % : 15.55% (As of Dec. 2023)

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What is Palfinger AG 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. Palfinger AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.55%.

Palfinger AG ROCE % Historical Data

The historical data trend for Palfinger AG'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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Palfinger AG ROCE % Chart

Palfinger AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.59

8.24

13.97

12.58

15.70

Palfinger AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															12.82	12.80	11.85	15.86	15.55

Palfinger AG ROCE % Calculation

Palfinger AG'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 )
	=	209.839	/	( ( (1958.188 - 662.729)	+	(2061.102 - 684.296) )	/ 2 )
	=	209.839	/	( (1295.459	+	1376.806)	/ 2 )
	=	209.839	/	1336.1325
	=	15.70 %

Palfinger AG'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	210.984	/	( ( (2038.92 - 702.583)	+	(2061.102 - 684.296) )	/ 2 )
	=	210.984	/	( ( 1336.337	+	1376.806 )	/ 2 )
	=	210.984	/	1356.5715
	=	15.55 %

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

Palfinger AG (WBO:PAL) 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.

Palfinger AG ROCE % Related Terms

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Palfinger AG (WBO:PAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Palfinger AG (WBO:PAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0MJ1:UK PFI:Germany

Address

Lamprechtshausener Bundesstrasse 8, Bergheim, AUT, 5101

Website

https://www.palfinger.ag

Palfinger is an Austrian manufacturing company that offers cranes, forklifts, truck bodies, and lifting equipment for land and water vehicles. Palfinger has two operating segments: Sales & Service and Segment Operations. Segment sales & service comprises the sales and service units. The segment operations comprise the production sites and the respective production share of the company. It earns the majority of revenue from the sales & service segment. Palfinger sells its products worldwide but segments geographically into six regions: Europe, Middle East, & Africa; North America; Latin America; Eurasia; Asia-Pacific; and Marine. Business in Europe, the Middle East, & the Africa region generates the majority of the company's revenue.

Executives

Alexander Susanek	Board of Directors
Felix Strohbichler	Board of Directors
Gerhard Rauch	Supervisory Board
Andreas Klauser	Board of Directors