Pierce Group AB (OSTO:PIERCE) ROCE % : 2.82% (As of Dec. 2024)

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What is Pierce Group AB 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. Pierce Group AB's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.82%.

Pierce Group AB ROCE % Historical Data

The historical data trend for Pierce Group AB'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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Pierce Group AB ROCE % Chart

Pierce Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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10.20

9.00

-6.59

-12.56

6.74

Pierce Group AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-23.20	15.63	9.61	-	2.82

Pierce Group AB ROCE % Calculation

Pierce Group AB's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	47	/	( ( (970 - 292)	+	(1103 - 386) )	/ 2 )
	=	47	/	( (678	+	717)	/ 2 )
	=	47	/	697.5
	=	6.74 %

Pierce Group AB's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	20	/	( ( (1041 - 340)	+	(1103 - 386) )	/ 2 )
	=	20	/	( ( 701	+	717 )	/ 2 )
	=	20	/	709
	=	2.82 %

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

Pierce Group AB (OSTO:PIERCE) 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.

Pierce Group AB ROCE % Related Terms

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Pierce Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pierce Group AB (OSTO:PIERCE) » Definitions » ROCE %

Comparable Companies

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Address

Elektravagen 22, Hagersten, SWE, 126 30

Website

https://www.piercegroup.com

Pierce Group AB is an e-commerce company. It sells motorcycle and snowmobile gear, parts, accessories, and streetwear to passionate customers through online stores such as 24MX, XLMOTO, and Sledstore. It has a local online presence in other European markets. It has two larger segments, the Offroad segment which includes sales to motocross and enduro riders; and the Onroad segment which includes sales to high-road riders. In addition, the company has a smaller segment, Other, which focuses on snowmobile riders in the Nordics.

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