Pinterest (Pinterest) ROCE % : 25.01% (As of Dec. 2023)

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What is Pinterest 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. Pinterest's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.01%.

Pinterest ROCE % Historical Data

The historical data trend for Pinterest'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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Pinterest ROCE % Chart

Pinterest Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-83.32

-5.47

11.48

-3.01

-3.72

Pinterest 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															0.69	-28.98	-9.56	-0.68	25.01

Pinterest ROCE % Calculation

Pinterest'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 )
	=	-125.678	/	( ( (3862.73 - 380.531)	+	(3594.405 - 317.09) )	/ 2 )
	=	-125.678	/	( (3482.199	+	3277.315)	/ 2 )
	=	-125.678	/	3379.757
	=	-3.72 %

Pinterest'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 )
	=	785	/	( ( (3304.582 - 304.345)	+	(3594.405 - 317.09) )	/ 2 )
	=	785	/	( ( 3000.237	+	3277.315 )	/ 2 )
	=	785	/	3138.776
	=	25.01 %

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

Pinterest (NYSE:PINS) 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.

Pinterest ROCE % Related Terms

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Pinterest (Pinterest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Pinterest Inc (NYSE:PINS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PINS:Mexico P2IN34:Brazil

Address

505 Brannan Street, San Francisco, CA, USA, 94107

Website

https://www.pinterest.com

Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its 450 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.

Executives

Gokul Rajaram	director	301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701
Jeffrey D Jordan	director	2865 SAND HILL ROAD #101, MENLO PARK CA 94025
Christine Deputy	officer: Chief People Officer	130 ROYALL STREET, CANTON MA 02021
Evan Sharp	director, officer: Co-Founder & Chief Design & Cr	505 BRANNAN STREET, SAN FRANCISCO CA 94107
Sabrina Ellis	officer: Chief Product Officer	651 BRANNAN ST., SAN FRANCISCO CA 94107
Wanjiku Juanita Walcott	officer: Chief Legal Officer	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Naveen Gavini	officer: SVP, Products	505 BRANNAN ST., SAN FRANCISCO CA 94107
Scott F. Schenkel	director	C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Todd R Morgenfeld	officer: Chief Financial Officer	C/O PINTEREST, INC., 651 BRANNAN STREET, SAN FRANCISCO CA 94107
Benjamin Silbermann	director, 10 percent owner, officer: Chairman, President, CEO, Co-F	505 BRANNAN STREET, SAN FRANCISCO CA 94107
Donnelly Julia Brau	officer: Chief Financial Officer	C/O PINTEREST, INC., 651 BRANNAN STREET, SAN FRANCISCO CA 94107
Malik Ducard	officer: Chief Content Officer	651 BRANNAN ST., SAN FRANCISCO CA 94107
Marc Steinberg	director	600 STEAMBOAT ROAD, 3RD FLOOR, GREENWICH CT 06830
William J Ready	director, officer: Chief Executive Officer	C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Christine Flores	officer: General Counsel	505 BRANNAN STREET, SAN FRANCISCO CA 94107