Papa John's International (STU:PP1) ROCE % : 23.81% (As of Mar. 2024)

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What is Papa John's International 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. Papa John's International's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.81%.

Papa John's International ROCE % Historical Data

The historical data trend for Papa John's International'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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Papa John's International ROCE % Chart

Papa John's International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.57

15.98

29.50

18.80

24.79

Papa John's International 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															25.25	23.75	22.28	29.38	23.81

Papa John's International ROCE % Calculation

Papa John's International'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 )
	=	134.929	/	( ( (815.83 - 250.308)	+	(802.38 - 279.315) )	/ 2 )
	=	134.929	/	( (565.522	+	523.065)	/ 2 )
	=	134.929	/	544.2935
	=	24.79 %

Papa John's International'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 )
	=	124.084	/	( ( (802.38 - 279.315)	+	(779.394 - 260.023) )	/ 2 )
	=	124.084	/	( ( 523.065	+	519.371 )	/ 2 )
	=	124.084	/	521.218
	=	23.81 %

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

Papa John's International (STU:PP1) 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.

Papa John's International ROCE % Related Terms

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Papa John's International (STU:PP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Papa John's International Inc (STU:PP1) » Definitions » ROCE %

Comparable Companies

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PZZA:USA

Address

2002 Papa John's Boulevard, Louisville, KY, USA, 40299-2367

Website

https://www.papajohns.com

Papa John's is one of the largest players in the global QSR pizza market, boasting more than 5,700 restaurants across nearly 50 countries at the end of 2022. The firm operates a predominantly franchised system, owning just shy of 10% of its restaurants and generating revenue from franchise royalties, sales of pizza, and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the third-largest limited-service pizza chain in the U.S. and fourth-largest globally, with a sizable presence in the U.K., China, South Korea, and Chile.

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