Picanol NV (LTS:0FM2) ROCE % : 14.10% (As of Jun. 2022)

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What is Picanol NV 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. Picanol NV's annualized ROCE % for the quarter that ended in Jun. 2022 was 14.10%.

Picanol NV ROCE % Historical Data

The historical data trend for Picanol NV'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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Picanol NV ROCE % Chart

Picanol NV Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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21.20

15.17

3.75

5.72

13.17

Picanol NV Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
ROCE %	Get a 7-Day Free Trial															8.05	3.33	13.17	12.85	14.10

Picanol NV ROCE % Calculation

Picanol NV's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	300.4	/	( ( (2762.7 - 476.3)	+	(3032 - 755.7) )	/ 2 )
	=	300.4	/	( (2286.4	+	2276.3)	/ 2 )
	=	300.4	/	2281.35
	=	13.17 %

Picanol NV's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	331.6	/	( ( (3032 - 755.7)	+	(3212.3 - 785.5) )	/ 2 )
	=	331.6	/	( ( 2276.3	+	2426.8 )	/ 2 )
	=	331.6	/	2351.55
	=	14.10 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

Picanol NV (LTS:0FM2) 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.

Picanol NV ROCE % Related Terms

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Picanol NV (LTS:0FM2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Picanol NV (LTS:0FM2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Steverlyncklaan 15, Ieper, BEL, 8900

Website

http://www.picanolgroup.com

Picanol NV is a Belgium-based company that develops, manufactures, and distributes weaving machines, engineered casting solutions, and customized controllers. The company, through Weaving Machines (Picanol), supplies weaving machines to global weaving mills, as well as related services. Picanol also markets accessories via GTP Global Textile Partner. Also, the Picanol Group is involved in other business activities including foundry activities and mechanic finishing activities. The group's operating segment comprises Machines & Technologies; Agro; Bio-valorization; Industrial Solutions; and T-Power.

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