Pet Valu Holdings (TSX:PET) ROCE % : 19.06% (As of Mar. 2024)

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What is Pet Valu Holdings 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. Pet Valu Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.06%.

Pet Valu Holdings ROCE % Historical Data

The historical data trend for Pet Valu Holdings'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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Pet Valu Holdings ROCE % Chart

Pet Valu Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.49

26.16

38.46

33.18

25.42

Pet Valu Holdings Quarterly Data
	Dec18	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														26.09	28.53	22.33	29.33	19.06

Pet Valu Holdings ROCE % Calculation

Pet Valu Holdings'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 )
	=	164.696	/	( ( (740.176 - 189.205)	+	(916.907 - 172.247) )	/ 2 )
	=	164.696	/	( (550.971	+	744.66)	/ 2 )
	=	164.696	/	647.8155
	=	25.42 %

Pet Valu Holdings'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 )
	=	142.944	/	( ( (916.907 - 172.247)	+	(943.92 - 188.97) )	/ 2 )
	=	142.944	/	( ( 744.66	+	754.95 )	/ 2 )
	=	142.944	/	749.805
	=	19.06 %

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

Pet Valu Holdings (TSX:PET) 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.

Pet Valu Holdings ROCE % Related Terms

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Pet Valu Holdings (TSX:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pet Valu Holdings Ltd (TSX:PET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PTVLF:USA

Address

130 Royal Crest Court, Markham, ON, CAN, L3R0A1

Website

https://www.petvalu.com

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.