GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » publity AG (STU:PBY) » Definitions » ROC %

publity AG (STU:PBY) ROC % : -42.80% (As of Dec. 2023)


View and export this data going back to 2015. Start your Free Trial

What is publity AG ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. publity AG's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was -42.80%.

As of today (2024-12-11), publity AG's WACC % is 6.16%. publity AG's ROC % is -19.75% (calculated using TTM income statement data). publity AG earns returns that do not match up to its cost of capital. It will destroy value as it grows.


publity AG ROC % Historical Data

The historical data trend for publity AG's ROC % 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.

* Premium members only.

publity AG ROC % Chart

publity AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.90 0.74 3.14 -4.16 -21.87

publity AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1.35 -10.37 -0.71 -42.80

publity AG ROC % Calculation

publity AG's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=-80.299 * ( 1 - 0% )/( (485.549 + 248.923)/ 2 )
=-80.299/367.236
=-21.87 %

where

publity AG's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-157.13 * ( 1 - 0% )/( (485.297 + 248.923)/ 2 )
=-157.13/367.11
=-42.80 %

where

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

* 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.


publity AG  (STU:PBY) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, publity AG's WACC % is 6.16%. publity AG's ROC % is -19.75% (calculated using TTM income statement data). publity AG earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


publity AG ROC % Related Terms

Thank you for viewing the detailed overview of publity AG's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.


publity AG Business Description

Traded in Other Exchanges
N/A
Address
Bockenheimer Landstrasse 2–4, Opernturm, Frankfurt am Main, DEU, 60306
publity AG is an asset manager and investor specializing in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and sale of real estate.

publity AG Headlines

From GuruFocus

Pep Boys: A Bullish Story

By Mrinalini Chaudhuri TaniaC 07-20-2015

Carl Icahn May 'Frustrate' Mario Gabelli's Pep Boys Deal

By Holly LaFon Holly LaFon 12-07-2015

Pep Boys: "Everything for Less," Even Its Stock Price

By Carmine Romano Carmine Romano 06-13-2012

Carl Icahn Makes 'Superior' Offer to Buy Pep Boys

By Cody Eustice Cody Eustice 12-21-2015

Gabelli Starts off New Year with a Bit More Pep, Increases Pep Boys Stake

By Dianne Tordillo Dianne Tordillo 01-02-2013

Why Is Icahn Relentlessly Going After Pep Boys?

By Bram de Haas Bram de Haas 12-09-2015

A Look at Mario Gabelli's New Added Positions

By Amber Harris Amber Harris 02-04-2015

Carl Icahn Buys More Pep Boys in 1st Quarter

By Kyle Ferguson Kyle Ferguson 04-03-2016

Mario Gabelli Discusses Small Caps and Fiscal Cliff

By Dheeraj Grover Dheeraj Grover 11-26-2012

Gabelli Adds to Stake in Pep Boys

By David Goodloe David Goodloe 04-27-2015