PION Group AB (OSTO:PION B) ROCE % : 0.53% (As of Mar. 2024)

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What is PION Group AB 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. PION Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.53%.

PION Group AB ROCE % Historical Data

The historical data trend for PION Group AB'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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PION Group AB ROCE % Chart

PION Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.10

7.78

50.52

32.18

-6.30

PION Group AB 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															-19.13	-15.96	20.05	-8.26	0.53

PION Group AB ROCE % Calculation

PION Group AB'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 )
	=	-15.213	/	( ( (680.026 - 426.436)	+	(650.852 - 421.846) )	/ 2 )
	=	-15.213	/	( (253.59	+	229.006)	/ 2 )
	=	-15.213	/	241.298
	=	-6.30 %

PION Group AB'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 )
	=	1.2	/	( ( (650.852 - 421.846)	+	(595.9 - 369.3) )	/ 2 )
	=	1.2	/	( ( 229.006	+	226.6 )	/ 2 )
	=	1.2	/	227.803
	=	0.53 %

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

PION Group AB (OSTO:PION B) 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.

PION Group AB ROCE % Related Terms

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PION Group AB (OSTO:PION B) Business Description

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PXO:Germany

Address

Torsgatan 11, Box 207, Stockholm, SWE, 101 24

Website

https://www.piongroup.se

PION Group AB is a Sweden-based company engaged in the recruitment sector. The services offered by the group include provides temporary staffing and permanent placement in the business areas of Finance Accounting, IT, Office support, HR, Sales and marketing, life science and engineering, legal and executive search. Geographically, the services offered by the firm are in the region of Sweden, Germany and Finland.

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