Pescanova (LTS:0FQS) ROCE % : 0.17% (As of Nov. 2024)

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What is Pescanova 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. Pescanova's annualized ROCE % for the quarter that ended in Nov. 2024 was 0.17%.

Pescanova ROCE % Historical Data

The historical data trend for Pescanova'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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Pescanova ROCE % Chart

Pescanova Annual Data

Trend

Dec13

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

ROCE %

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4.23

0.33

-4.25

11.25

16.07

Pescanova Semi-Annual Data
	Dec13	Jun14	May15	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
ROCE %	Get a 7-Day Free Trial															-	0.76	29.34	35.05	0.17

Pescanova ROCE % Calculation

Pescanova's annualized ROCE % for the fiscal year that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	4.627	/	( ( (38.577 - 7.429)	+	(33.829 - 7.386) )	/ 2 )
	=	4.627	/	( (31.148	+	26.443)	/ 2 )
	=	4.627	/	28.7955
	=	16.07 %

Pescanova's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: May. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: May. 2024 )		(Q: Nov. 2024 )
	=	0.044	/	( ( (33.71 - 7.62)	+	(33.829 - 7.386) )	/ 2 )
	=	0.044	/	( ( 26.09	+	26.443 )	/ 2 )
	=	0.044	/	26.2665
	=	0.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Nov. 2024) EBIT data.

Pescanova (LTS:0FQS) 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.

Pescanova ROCE % Related Terms

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Pescanova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pescanova SA (LTS:0FQS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PVA:Spain PNV:Germany

Address

Rua Jose Fernandez Lopez, Pontevedra, ESP, 36320

Website

http://www.pescanova.com

Pescanova SA through its engages in the fishing business. It is involved in the aquafarming and industrial exploitation of sea products. Its main activities include production, processing and distribution of fish as food products.

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