Pieno zvaigzdes AB (STU:Y0E) ROCE % : 23.30% (As of Mar. 2024)

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What is Pieno zvaigzdes 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. Pieno zvaigzdes AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.30%.

Pieno zvaigzdes AB ROCE % Historical Data

The historical data trend for Pieno zvaigzdes 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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Pieno zvaigzdes AB ROCE % Chart

Pieno zvaigzdes AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.40

17.62

3.89

-13.65

50.56

Pieno zvaigzdes AB 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															38.77	48.48	46.88	29.58	23.30

Pieno zvaigzdes AB ROCE % Calculation

Pieno zvaigzdes AB'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 )
	=	17.49	/	( ( (75.679 - 49.515)	+	(71.493 - 28.47) )	/ 2 )
	=	17.49	/	( (26.164	+	43.023)	/ 2 )
	=	17.49	/	34.5935
	=	50.56 %

Pieno zvaigzdes AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	10.332	/	( ( (71.493 - 28.47)	+	(73.962 - 28.313) )	/ 2 )
	=	10.332	/	( ( 43.023	+	45.649 )	/ 2 )
	=	10.332	/	44.336
	=	23.30 %

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

Pieno zvaigzdes AB (STU:Y0E) 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.

Pieno zvaigzdes AB ROCE % Related Terms

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Pieno zvaigzdes AB (STU:Y0E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pieno zvaigzdes AB (STU:Y0E) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PZV1L:Lithuania

Address

Perkunkiemio Street 3, Vilnius, LTU, LT-12127

Website

https://www.pienozvaigzdes.lt

Pieno zvaigzdes AB is engaged in the production and sales of dairy products to retail stores directly and through distributors. Its reportable segments of the company are cheese, dry dairy products, and fresh dairy products. It derives a majority of its revenue from fresh dairy products. Some of its product categories include Mozzarella; Cultured buttermilk; Greek-style yogurt; Sour cream; Kefir; Fermented cheese; Grain curd and others. Geographically it has a presence in Lithuania, Italy, Germany, Latvia, Great Britain, the USA, Indonesia, Israel, and Other countries. The majority of the revenue comes from Lithuania.

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