Porto Aviation Group SpA (MIL:PAG) ROCE % : 10.26% (As of Dec. 2023)

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What is Porto Aviation Group SpA 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. Porto Aviation Group SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.26%.

Porto Aviation Group SpA ROCE % Historical Data

The historical data trend for Porto Aviation Group SpA'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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Porto Aviation Group SpA ROCE % Chart

Porto Aviation Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-5.99

-30.13

10.26

Porto Aviation Group SpA Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-5.99	-30.13	10.26

Porto Aviation Group SpA ROCE % Calculation

Porto Aviation Group SpA'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 )
	=	0.328	/	( ( (3.746 - 1.738)	+	(5.664 - 1.277) )	/ 2 )
	=	0.328	/	( (2.008	+	4.387)	/ 2 )
	=	0.328	/	3.1975
	=	10.26 %

Porto Aviation Group SpA'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 )
	=	0.328	/	( ( (3.746 - 1.738)	+	(5.664 - 1.277) )	/ 2 )
	=	0.328	/	( ( 2.008	+	4.387 )	/ 2 )
	=	0.328	/	3.1975
	=	10.26 %

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

Porto Aviation Group SpA (MIL:PAG) 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.

Porto Aviation Group SpA ROCE % Related Terms

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Porto Aviation Group SpA (MIL:PAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Porto Aviation Group SpA (MIL:PAG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

M2N:Germany

Address

Via Confalonieri 22, Cremella, Lecco, ITA, 23894

Website

https://www.portoaviationgroup.com

Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, hydraulic components, fuel systems, aluminum alloy sections, and tubes.