Pirelli & C SpA (Pirelli & C SpA) ROCE % : -0.45% (As of Dec. 2023)

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What is Pirelli & C 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. Pirelli & C SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.45%.

Pirelli & C SpA ROCE % Historical Data

The historical data trend for Pirelli & C 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.

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Pirelli & C SpA ROCE % Chart

Pirelli & C SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.36

1.78

5.06

6.71

8.18

Pirelli & C SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.88	7.30	15.58	-0.45	-

Pirelli & C SpA ROCE % Calculation

Pirelli & C SpA's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	910.46	/	( ( (14721.981 - 3540.44)	+	(14755.646 - 3668.153) )	/ 2 )
	=	910.46	/	( (11181.541	+	11087.493)	/ 2 )
	=	910.46	/	11134.517
	=	8.18 %

Pirelli & C SpA's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-50.46	/	( ( (14272.455 - 2970.255)	+	(14755.646 - 3668.153) )	/ 2 )
	=	-50.46	/	( ( 11302.2	+	11087.493 )	/ 2 )
	=	-50.46	/	11194.8465
	=	-0.45 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Pirelli & C SpA (OTCPK:PLLIF) 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.

Pirelli & C SpA ROCE % Related Terms

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Pirelli & C SpA (Pirelli & C SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pirelli & C SpA (OTCPK:PLLIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PIRC:Italy PIRCm:UK 0P1R:UK 2PI:Germany

Address

Viale Piero e Alberto Pirelli n. 25, Milan, ITA, 20126

Website

https://www.pirelli.com

Pirelli & C SpA designs develop, manufactures, and markets tires - for motor vehicles, industrial vehicles, and motorcycles. The company is focused on Prestige and Premium segments. Geographically it derives the majority revenue from Europe and Turkey.

Pirelli & C SpA (Pirelli & C SpA) Headlines

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