PRO DV AG (XTER:PDA) ROCE % : 26.74% (As of Dec. 2023)

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What is PRO DV 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. PRO DV AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.74%.

PRO DV AG ROCE % Historical Data

The historical data trend for PRO DV 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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PRO DV AG ROCE % Chart

PRO DV AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.38

6.78

11.27

24.67

26.74

PRO DV AG Semi-Annual Data
	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial									5.38	6.78	11.27	24.67	26.74

PRO DV AG ROCE % Calculation

PRO DV AG'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 )
	=	0.384	/	( ( (1.54 - 0.275)	+	(2.722 - 1.115) )	/ 2 )
	=	0.384	/	( (1.265	+	1.607)	/ 2 )
	=	0.384	/	1.436
	=	26.74 %

PRO DV AG's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	0.384	/	( ( (1.54 - 0.275)	+	(2.722 - 1.115) )	/ 2 )
	=	0.384	/	( ( 1.265	+	1.607 )	/ 2 )
	=	0.384	/	1.436
	=	26.74 %

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

PRO DV AG (XTER:PDA) 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.

PRO DV AG ROCE % Related Terms

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PRO DV AG (XTER:PDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PRO DV AG (XTER:PDA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PDA:Germany PDA:Germany PDA:Germany

Address

Hauert 6, Dortmund, DEU, 44227

Website

http://www.prodv.de

PRO DV AG engages in the provision of information technology business solutions. It offers project support services in the transport and logistics, telecommunications, energy supply, and public administration sectors. The firm specializes in the analysis and optimization of business processes with focus on business analysis, architecture consulting, project management, and security management.

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