PJP Makrum (WAR:PJP) ROCE % : 19.48% (As of Dec. 2023)

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What is PJP Makrum 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. PJP Makrum's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.48%.

PJP Makrum ROCE % Historical Data

The historical data trend for PJP Makrum'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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PJP Makrum ROCE % Chart

PJP Makrum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.75

15.81

3.19

24.24

15.26

PJP Makrum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															44.02	7.56	21.06	14.96	19.48

PJP Makrum ROCE % Calculation

PJP Makrum'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 )
	=	28.949	/	( ( (344.654 - 169.133)	+	(406.54 - 202.627) )	/ 2 )
	=	28.949	/	( (175.521	+	203.913)	/ 2 )
	=	28.949	/	189.717
	=	15.26 %

PJP Makrum'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 )
	=	39.928	/	( ( (405.313 - 199.363)	+	(406.54 - 202.627) )	/ 2 )
	=	39.928	/	( ( 205.95	+	203.913 )	/ 2 )
	=	39.928	/	204.9315
	=	19.48 %

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

PJP Makrum (WAR:PJP) 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.

PJP Makrum ROCE % Related Terms

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PJP Makrum (WAR:PJP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PJP Makrum SA (WAR:PJP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Plac Koscieleckich 3, Bydgoszcz, POL, 85-033

Website

http://www.projprzem.com

PJP Makrum SA operates in three areas. The first consists of production of steel structures, for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses and retail space). The third activity is docking solutions.