PACCAR (PACCAR) ROCE % : 20.09% (As of Mar. 2024)

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What is PACCAR 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. PACCAR's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.09%.

PACCAR ROCE % Historical Data

The historical data trend for PACCAR'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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PACCAR ROCE % Chart

PACCAR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.69

7.69

10.90

16.31

23.00

PACCAR 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															24.06	23.74	22.86	22.25	20.09

PACCAR ROCE % Calculation

PACCAR'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 )
	=	5946.4	/	( ( (33275.5 - 9578.6)	+	(40823.4 - 12812.5) )	/ 2 )
	=	5946.4	/	( (23696.9	+	28010.9)	/ 2 )
	=	5946.4	/	25853.9
	=	23.00 %

PACCAR'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 )
	=	5688	/	( ( (40823.4 - 12812.5)	+	(40373.6 - 11746.9) )	/ 2 )
	=	5688	/	( ( 28010.9	+	28626.7 )	/ 2 )
	=	5688	/	28318.8
	=	20.09 %

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

PACCAR (NAS:PCAR) 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.

PACCAR ROCE % Related Terms

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PACCAR (PACCAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » PACCAR Inc (NAS:PCAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PAE:Germany PAE:Germany PAE:Germany P1AC34:Brazil PCAR:Austria

Address

777-106th Avenue N.E., Bellevue, WA, USA, 98004

Website

https://www.paccar.com

Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.

Executives

Todd R Hubbard	officer: VICE PRESIDENT	777 106TH AVE NE, BELLEVUE WA 98004
Harrie Schippers	officer: Vice President	777 106TH AVENUE NE, BELLEVUE WA 98004
Brice J Poplawski	officer: Vice President & Controller	777 106TH AVE. NE, BELLEVUE WA 98004
R Preston Feight	officer: VICE PRESIDENT	777 106TH AVE NE, BELLEVUE WA 98004
Michael T Barkley	officer: VICE PRESIDENT/CONTROLLER	777 106TH AVENUE NE, BELLEVUE WA 98004
Cynthia Niekamp	director	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Barbara B. Hulit	director	C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Mark C Pigott	director, officer: CHAIRMAN & CEO
C Michael Dozier	officer: VICE PRESIDENT	777 106TH AVE NE, BELLEVUE WA 98004
Paulo Henrique Bolgar	officer: Vice President	777 106TH AVENUE NE, BELLEVUE WA 98004
Jack K. Levier	officer: Vice President	777 106TH AVENUE NE, BELLEVUE WA 98004
Alison J Carnwath	director	777 106TH AVENUE NE, BELLEVUE WA 98004
Sreeganesh Ramaswamy	director	5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
John N Rich	officer: V.P. & CHIEF TECH. OFFICER	777 106TH AVENUE NE, BELLEVUE WA 98004
Michael K Walton	officer: VICE PRESIDENT/GENERAL COUNSEL	777 106TH AVENUE NE, BELLEVUE WA 98004