Piquadro SpA (MIL:PQ) ROCE % : 18.58% (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Piquadro SpA 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. Piquadro SpA's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.58%.

Piquadro SpA ROCE % Historical Data

The historical data trend for Piquadro SpA'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.

* Premium members only.

Piquadro SpA ROCE % Chart

Piquadro SpA Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-5.37

-4.15

6.59

10.60

14.99

Piquadro SpA Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															13.23	4.46	17.41	12.41	18.58

Piquadro SpA ROCE % Calculation

Piquadro SpA's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	15.998	/	( ( (192.064 - 80.189)	+	(179.943 - 78.343) )	/ 2 )
	=	15.998	/	( (111.875	+	101.6)	/ 2 )
	=	15.998	/	106.7375
	=	14.99 %

Piquadro SpA'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	18.8	/	( ( (183.506 - 82.723)	+	(179.943 - 78.343) )	/ 2 )
	=	18.8	/	( ( 100.783	+	101.6 )	/ 2 )
	=	18.8	/	101.1915
	=	18.58 %

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

Piquadro SpA (MIL:PQ) 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.

Piquadro SpA ROCE % Related Terms

Thank you for viewing the detailed overview of Piquadro SpA's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Piquadro SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Piquadro SpA (MIL:PQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4LZ:Germany

Address

Localita Sassuriano, 246, Silla di Gaggio Montano, Bologna, ITA, 40041

Website

https://www.piquadro.com

Piquadro SpA operates in the leather goods market. The company designs, manufactures and markets goods under its own brand name. Its products include women's bags, travel bags, briefcases, belts, wallets, key rings, cigar cases among others. The company's operating segment includes Piquadro; The Bridge and Lancel. It generates maximum revenue from the Lancel segment. Geographically, it derives a majority of revenue from Europe and also has a presence in Italy and the Rest of the World.

Piquadro SpA Headlines

No Headlines