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Pinstripes Holdings�Inc (Pinstripes Holdings�Inc) ROCE % : -18.04% (As of Oct. 2023)


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What is Pinstripes Holdings�Inc 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. Pinstripes Holdings�Inc's annualized ROCE % for the quarter that ended in Oct. 2023 was -18.04%.

Pinstripes Holdings�Inc ROCE % Historical Data

The historical data trend for Pinstripes Holdings�Inc'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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Pinstripes Holdings�Inc ROCE % Chart

Pinstripes Holdings�Inc Annual Data
Trend Apr21 Apr22 Apr23
ROCE %
- -18.02 -9.26

Pinstripes Holdings�Inc Semi-Annual Data
Apr21 Apr22 Apr23 Oct23
ROCE % - - - -18.04

Pinstripes Holdings�Inc ROCE % Calculation

Pinstripes Holdings�Inc's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Apr. 2023 )  (A: Apr. 2022 )(A: Apr. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Apr. 2023 )  (A: Apr. 2022 )(A: Apr. 2023 )
=-5.387/( ( (114.472 - 67.127) + (130.927 - 61.978) )/ 2 )
=-5.387/( (47.345+68.949)/ 2 )
=-5.387/58.147
=-9.26 %

Pinstripes Holdings�Inc's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Oct. 2023 )  (Q: Apr. 2023 )(Q: Oct. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Oct. 2023 )  (Q: Apr. 2023 )(Q: Oct. 2023 )
=-13.456/( ( (130.927 - 61.978) + (141.303 - 61.035) )/ 2 )
=-13.456/( ( 68.949 + 80.268 )/ 2 )
=-13.456/74.6085
=-18.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Oct. 2023) EBIT data.

* 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.

Pinstripes Holdings�Inc  (NYSE:PNST) 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.

Pinstripes Holdings�Inc ROCE % Related Terms

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Pinstripes Holdings�Inc (Pinstripes Holdings�Inc) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Pinstripes Holdings�Inc (NYSE:PNST) » Definitions » ROCE %
Comparable Companies
Traded in Other Exchanges
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Address
1150 Willow Road, Northbrook, IL, USA, 60062
Website
https://www.pinstripes.com
Pinstripes Holdings Inc is an experiential dining and entertainment concept combining exceptional Italian-American cuisine with bowling, bocce, and private events. It owns and operates about 13 restaurants in the USA. The company designs and constructs large-format locations that are each 26,000 to 38,000 square feet of interior space, plus additional outdoor patio space that includes outdoor dining, bocce courts, fire-pits and decorative fountains.