Pilkington Deutschland AG (HAM:FDD) ROCE % : -3.09% (As of Mar. 2023)

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What is Pilkington Deutschland AG 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. Pilkington Deutschland AG's annualized ROCE % for the quarter that ended in Mar. 2023 was -3.09%.

Pilkington Deutschland AG ROCE % Historical Data

The historical data trend for Pilkington Deutschland AG'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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Pilkington Deutschland AG ROCE % Chart

Pilkington Deutschland AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.42

-0.32

1.77

0.46

-3.09

Pilkington Deutschland AG Semi-Annual Data
	Mar06	Mar07	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
ROCE %	Get a 7-Day Free Trial													7.42	-0.32	1.77	0.46	-3.09

Pilkington Deutschland AG ROCE % Calculation

Pilkington Deutschland AG's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-13.24	/	( ( (537.002 - 113.071)	+	(595.097 - 162.789) )	/ 2 )
	=	-13.24	/	( (423.931	+	432.308)	/ 2 )
	=	-13.24	/	428.1195
	=	-3.09 %

Pilkington Deutschland AG's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	-13.24	/	( ( (537.002 - 113.071)	+	(595.097 - 162.789) )	/ 2 )
	=	-13.24	/	( ( 423.931	+	432.308 )	/ 2 )
	=	-13.24	/	428.1195
	=	-3.09 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Pilkington Deutschland AG (HAM:FDD) 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.

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Pilkington Deutschland AG (HAM:FDD) Business Description

Industry

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Traded in Other Exchanges

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Address

Haydnstrasse 19, Gelsenkirchen, DEU, 45884

Website

http://www.pilkington.de

Pilkington Deutschland AG manufactures and markets flat and safety glass for the building and automotive markets. It manufactures glass and glass products for Architectural application such as new construction, renovation, and solar applications, Automotive application namely equipment and automotive glass parts and Technical Glass which covers a wide range of refined glasses for displays, optoelectronics and fiberglass products.