Pavlovo Bus PJSC (MIC:PAZA) ROCE % : -1.62% (As of Jun. 2018)

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What is Pavlovo Bus PJSC 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. Pavlovo Bus PJSC's annualized ROCE % for the quarter that ended in Jun. 2018 was -1.62%.

Pavlovo Bus PJSC ROCE % Historical Data

The historical data trend for Pavlovo Bus PJSC'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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Pavlovo Bus PJSC ROCE % Chart

Pavlovo Bus PJSC Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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69.32

26.51

53.52

4.29

4.66

Pavlovo Bus PJSC Quarterly Data
	Dec10	Dec11	Dec12	Mar13	Dec13	Mar14	Jun14	Dec14	Jun15	Dec15	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
ROCE %	Get a 7-Day Free Trial														7.06	-51.17	59.78	6.69	-1.62

Pavlovo Bus PJSC ROCE % Calculation

Pavlovo Bus PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	68.53	/	( ( (1650.173 - 45.851)	+	(1378.312 - 41.108) )	/ 2 )
	=	68.53	/	( (1604.322	+	1337.204)	/ 2 )
	=	68.53	/	1470.763
	=	4.66 %

Pavlovo Bus PJSC's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2018 )		(Q: Mar. 2018 )		(Q: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2018 )		(Q: Mar. 2018 )		(Q: Jun. 2018 )
	=	-21.54	/	( ( (1403.059 - 48.472)	+	(1374.531 - 68.666) )	/ 2 )
	=	-21.54	/	( ( 1354.587	+	1305.865 )	/ 2 )
	=	-21.54	/	1330.226
	=	-1.62 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2018) EBIT data.

Pavlovo Bus PJSC (MIC:PAZA) 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.

Pavlovo Bus PJSC ROCE % Related Terms

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Pavlovo Bus PJSC (MIC:PAZA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pavlovo Bus PJSC (MIC:PAZA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suvorov Street, dom1, Nizhny Novgorod region, Pavlovo, RUS, 606108

Website

http://www.paz-bus.ru

Pavlovo Bus PJSC manufactures buses, auto parts and spare parts. It offers products including power windows, locks and loops.

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