PetSmart (FRA:PEM) ROCE % : 33.95% (As of Oct. 2014)

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What is PetSmart 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. PetSmart's annualized ROCE % for the quarter that ended in Oct. 2014 was 33.95%.

PetSmart ROCE % Historical Data

The historical data trend for PetSmart'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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PetSmart ROCE % Chart

PetSmart Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

ROCE %

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23.34

27.25

35.18

39.02

40.91

PetSmart Quarterly Data
	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15
ROCE %	Get a 7-Day Free Trial															48.64	39.85	37.89	33.95	47.88

PetSmart ROCE % Calculation

PetSmart's annualized ROCE % for the fiscal year that ended in Jan. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2014 )		(A: Jan. 2013 )		(A: Jan. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2014 )		(A: Jan. 2013 )		(A: Jan. 2014 )
	=	508.895	/	( ( (1907.81 - 567.679)	+	(1851.125 - 583.049) )	/ 2 )
	=	508.895	/	( (1340.131	+	1268.076)	/ 2 )
	=	508.895	/	1304.1035
	=	39.02 %

PetSmart's ROCE % of for the quarter that ended in Oct. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2014 )		(Q: Jul. 2014 )		(Q: Oct. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2014 )		(Q: Jul. 2014 )		(Q: Oct. 2014 )
	=	476.6	/	( ( (1896.087 - 582.302)	+	(2137.793 - 643.998) )	/ 2 )
	=	476.6	/	( ( 1313.785	+	1493.795 )	/ 2 )
	=	476.6	/	1403.79
	=	33.95 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2014) EBIT data.

PetSmart (FRA:PEM) 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.

PetSmart ROCE % Related Terms

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PetSmart (FRA:PEM) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PetSmart Inc (FRA:PEM) » Definitions » ROCE %

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PetSmart Inc was incorporated in the State of Delaware in 1986. The Company provides specialty products, services and solutions for the lifetime needs of pets in North America. It offers a broad selection of products for all the life stages of pets, as well as various pet services including professional grooming, training, day camp for dogs and boarding. It also offers pet products through its website, PetSmart.com. As of 2 February 2014, it operated 1,333 retail stores and had full-service veterinary hospitals in 844 of its stores. MMI Holdings, Inc., through a wholly owned subsidiary, Medical Management International, Inc., operated 837 of the veterinary hospitals under the registered trade name of "Banfield, The Pet Hospital." The remaining 7 hospitals are operated by other third parties in Canada. The Company opened 55 net new stores in 2013 and at the end of the year operated 1,333 retail stores in the United States, Puerto Rico and Canada. Its stores typically range in size from 12,000 to 27,500 square feet and carry a broad selection of high-quality pet products at everyday low prices. It offers approximately 11,000 distinct items in stores and 9,000 additional items on its website, PetSmart.com, including nationally recognized brand names, as well as an extensive selection of proprietary brands across a range of product categories. All the Company's stores feature pet styling salons that provide high-quality grooming services and offer comprehensive pet training services. Its PetsHotels provide boarding for dogs and cats, which includes 24-hour supervision by caregivers who are trained to provide personalized pet care, temperature controlled rooms and suites, daily specialty treats and play time, as well as day camp for dogs. As of 3 February 2014, it operated 199 PetsHotels. The Company's trademarks include PetSmart, PetSmart.com, PetSmart PetsHotel, PetPerks, and Where Pets Are Family, as well as many others.

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