Passat (FRA:6JF) ROCE % : 10.52% (As of Dec. 2023)

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What is Passat 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. Passat's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.52%.

Passat ROCE % Historical Data

The historical data trend for Passat'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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Passat ROCE % Chart

Passat Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.56

10.09

8.40

12.04

7.10

Passat 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															7.14	5.03	19.34	3.81	10.52

Passat ROCE % Calculation

Passat'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 )
	=	3.253	/	( ( (57.903 - 14.187)	+	(62.639 - 14.722) )	/ 2 )
	=	3.253	/	( (43.716	+	47.917)	/ 2 )
	=	3.253	/	45.8165
	=	7.10 %

Passat'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 )
	=	4.834	/	( ( (57.462 - 13.44)	+	(62.639 - 14.722) )	/ 2 )
	=	4.834	/	( ( 44.022	+	47.917 )	/ 2 )
	=	4.834	/	45.9695
	=	10.52 %

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

Passat (FRA:6JF) 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.

Passat ROCE % Related Terms

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Passat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Passat SA (FRA:6JF) » Definitions » ROCE %

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PSAT:France

Address

2 rue Alfred de Vigny, Fourqueux, Paris, FRA, 78118

Website

http://www.passat.fr

Passat SA is a France based holding company. It offers its customers wide possibilities of implantation in the points of sale. The company offers a portfolio of products, comprising fitness, beauty, health and leisure products, kitchen utensils and accessories; patented do-it-yourself products, home comfort and maintenance products, gardening products, toys and household products, among others.

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