PNE AG (FRA:PNE3) ROCE % : 2.00% (As of Mar. 2024)

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What is PNE 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. PNE AG's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.00%.

PNE AG ROCE % Historical Data

The historical data trend for PNE 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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PNE AG ROCE % Chart

PNE AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.29

1.14

1.90

4.77

0.79

PNE AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.62	0.72	-3.31	4.91	2.00

PNE AG ROCE % Calculation

PNE 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 )
	=	6.762	/	( ( (920.336 - 139.849)	+	(1100.692 - 162.016) )	/ 2 )
	=	6.762	/	( (780.487	+	938.676)	/ 2 )
	=	6.762	/	859.5815
	=	0.79 %

PNE AG's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	19.6	/	( ( (1100.692 - 162.016)	+	(1181.6 - 160.7) )	/ 2 )
	=	19.6	/	( ( 938.676	+	1020.9 )	/ 2 )
	=	19.6	/	979.788
	=	2.00 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

PNE AG (FRA:PNE3) 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.

PNE AG ROCE % Related Terms

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PNE AG (FRA:PNE3) Business Description

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0KUY:UK PNE3:Germany

Address

Peter-Henlein-Strasse 2-4, Cuxhaven, NI, DEU, 27472

Website

https://www.pne-ag.com

PNE AG is a wind farm developer in the offshore area. The company's core business is the project development as well the construction and operation of onshore and offshore wind farms. It operates in three segments: Project development; Service products; and Electricity generation. The project development segment reports sub-divisions such as onshore wind power - national and international, offshore wind power - national and international, and photovoltaic projects - national and international, as well as other projects.

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