Premier Veterinary Group (AQSE:PVG.GB) ROCE % : -421.50% (As of Mar. 2020)

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What is Premier Veterinary Group 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. Premier Veterinary Group's annualized ROCE % for the quarter that ended in Mar. 2020 was -421.50%.

Premier Veterinary Group ROCE % Historical Data

The historical data trend for Premier Veterinary Group'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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Premier Veterinary Group ROCE % Chart

Premier Veterinary Group Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

ROCE %

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-140.47

-129.01

-137.18

-162.98

-336.47

Premier Veterinary Group Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20
ROCE %	Get a 7-Day Free Trial															-160.10	-294.13	-184.47	-166.41	-421.50

Premier Veterinary Group ROCE % Calculation

Premier Veterinary Group's annualized ROCE % for the fiscal year that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2019 )		(A: Sep. 2018 )		(A: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2019 )		(A: Sep. 2018 )		(A: Sep. 2019 )
	=	-2.574	/	( ( (1.685 - 0.836)	+	(1.752 - 1.071) )	/ 2 )
	=	-2.574	/	( (0.849	+	0.681)	/ 2 )
	=	-2.574	/	0.765
	=	-336.47 %

Premier Veterinary Group's ROCE % of for the quarter that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2020 )		(Q: Sep. 2019 )		(Q: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2020 )		(Q: Sep. 2019 )		(Q: Mar. 2020 )
	=	-1.686	/	( ( (1.752 - 1.071)	+	(1.38 - 1.261) )	/ 2 )
	=	-1.686	/	( ( 0.681	+	0.119 )	/ 2 )
	=	-1.686	/	0.4
	=	-421.50 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2020) EBIT data.

Premier Veterinary Group (AQSE:PVG.GB) 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.

Premier Veterinary Group ROCE % Related Terms

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Premier Veterinary Group (AQSE:PVG.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Premier Veterinary Group PLC (AQSE:PVG.GB) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Bond Street, New Bond House, Bristol, GBR, BS2 9AG

Website

http://www.premiervetgroup.co.uk

Premier Veterinary Group PLC is a non-medical service provides mainly to veterinary centers. The company business operates in the veterinary industry and mainly provides support services for day to day running of veterinary centers. The company business is organized into three geographical regions: Premier Pet Care Plan (PPCP) the United Kingdom, PPCP Europe (including the Republic of Ireland), and PPCP US. Most of its revenues are generated from the Premier Pet Care Plan - UK.

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