Parkway (Parkway) ROCE % : -1.83% (As of Jun. 2017)

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What is Parkway 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. Parkway's annualized ROCE % for the quarter that ended in Jun. 2017 was -1.83%.

Parkway ROCE % Historical Data

The historical data trend for Parkway'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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Parkway ROCE % Chart

Parkway Annual Data

Trend

Dec15

Dec16

ROCE %

Parkway Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
ROCE %	Get a 7-Day Free Trial			1,051.04	-	-20,219.73	-1.11	-1.83

Parkway ROCE % Calculation

Parkway's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	0	/	( ( (0 - 0)	+	(2163.895 - 960.161) )	/ 1 )
	=	0	/	( (0	+	1203.734)	/ 1 )
	=	0	/	1203.734
	=	0.00 %

Parkway's ROCE % of for the quarter that ended in Jun. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2017 )		(Q: Mar. 2017 )		(Q: Jun. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2017 )		(Q: Mar. 2017 )		(Q: Jun. 2017 )
	=	-22.768	/	( ( (2117.539 - 763.64)	+	(1566.302 - 429.998) )	/ 2 )
	=	-22.768	/	( ( 1353.899	+	1136.304 )	/ 2 )
	=	-22.768	/	1245.1015
	=	-1.83 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2017) EBIT data.

Parkway (NYSE:PKYW) 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.

Parkway ROCE % Related Terms

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Parkway (Parkway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Parkway Inc (NYSE:PKYW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.pky.com

Parkway Inc is a self-managed office REIT, engaged in the ownership, acquisition, development and leasing of Class A office properties focused on Houston, Texas submarkets.

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