PKTEF (Parkit Enterprise) ROCE % : 2.69% (As of Dec. 2024)

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What is Parkit Enterprise 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. Parkit Enterprise's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.69%.

Parkit Enterprise ROCE % Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise ROCE % Chart

Parkit Enterprise Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-28.33

-3.38

-0.72

0.86

1.96

Parkit Enterprise Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-2.72	2.92	2.28	0.16	2.69

Parkit Enterprise ROCE % Calculation

Parkit Enterprise'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 )
	=	4.543	/	( ( (241.9 - 5.151)	+	(232.089 - 5.432) )	/ 2 )
	=	4.543	/	( (236.749	+	226.657)	/ 2 )
	=	4.543	/	231.703
	=	1.96 %

Parkit Enterprise'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 )
	=	6.176	/	( ( (239.773 - 6.837)	+	(232.089 - 5.432) )	/ 2 )
	=	6.176	/	( ( 232.936	+	226.657 )	/ 2 )
	=	6.176	/	229.7965
	=	2.69 %

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

Parkit Enterprise (OTCPK:PKTEF) 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.

Parkit Enterprise ROCE % Related Terms

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Parkit Enterprise Business Description

Industry

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PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an investment real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.