PRA Group (FRA:POV1) ROCE % : 4.65% (As of Mar. 2024)

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What is PRA Group 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. PRA Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.65%.

PRA Group ROCE % Historical Data

The historical data trend for PRA Group'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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PRA Group ROCE % Chart

PRA Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.59

7.89

9.38

7.38

-0.28

PRA Group 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															-7.18	3.04	1.75	1.62	4.65

PRA Group ROCE % Calculation

PRA Group'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 )
	=	-7.452	/	( ( (3941.836 - 1243.871)	+	(4149.75 - 1567.551) )	/ 2 )
	=	-7.452	/	( (2697.965	+	2582.199)	/ 2 )
	=	-7.452	/	2640.082
	=	-0.28 %

PRA Group'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 )
	=	119.02	/	( ( (4149.75 - 1567.551)	+	(4123.607 - 1588.98) )	/ 2 )
	=	119.02	/	( ( 2582.199	+	2534.627 )	/ 2 )
	=	119.02	/	2558.413
	=	4.65 %

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

PRA Group (FRA:POV1) 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.

PRA Group ROCE % Related Terms

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PRA Group (FRA:POV1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PRA Group Inc (FRA:POV1) » Definitions » ROCE %

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PRAA:USA

Address

120 Corporate Boulevard, Norfolk, VA, USA, 23502

Website

https://www.pragroup.com

PRA Group Inc is a leader in acquiring and collecting nonperforming loans. The company returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe, and Australia. With thousands of employees worldwide, PRA Group collaborate with customers to help them resolve their debt.

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