Pininfarina Spa (MIL:PINF) ROCE % : 10.39% (As of Sep. 2023)

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What is Pininfarina 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. Pininfarina Spa's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.39%.

Pininfarina Spa ROCE % Historical Data

The historical data trend for Pininfarina 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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Pininfarina Spa ROCE % Chart

Pininfarina Spa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.64

-33.68

7.19

-5.50

-0.53

Pininfarina Spa 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															-17.96	-14.81	-6.36	10.39	8.59

Pininfarina Spa ROCE % Calculation

Pininfarina Spa's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.145	/	( ( (96.416 - 35.127)	+	(85.642 - 32.541) )	/ 2 )
	=	-3.145	/	( (61.289	+	53.101)	/ 2 )
	=	-3.145	/	57.195
	=	-5.50 %

Pininfarina Spa's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	5.26	/	( ( (81.393 - 32.071)	+	(90.311 - 38.418) )	/ 2 )
	=	5.26	/	( ( 49.322	+	51.893 )	/ 2 )
	=	5.26	/	50.6075
	=	10.39 %

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

Pininfarina Spa (MIL:PINF) 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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Pininfarina Spa (MIL:PINF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pininfarina Spa (MIL:PINF) » Definitions » ROCE %

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Traded in Other Exchanges

PNF:Germany

Address

Via Nazionale 30, Cambiano, Turin, ITA, 10020

Website

http://www.pininfarina.com

Pininfarina Spa is an Italian company engaged in the production, development, designing, engineering, and manufacturing of vehicles in Italy, Germany, and China. It offers various services including automotive design, transportation design, architecture, and interior design in the fields of residential, hospitality, sport and commercial structures, industrial design, engineering, wind tunnel, sustainable mobility, and exclusive vehicles - restorations. The company has two reportable segments design and engineering, majority of revenue is generated from the Design segment. The company's geographical segment consists of Italy, Germany, China, USA. The majority of revenue is generated from non-EU countries.

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