Polaris IT Group (WAR:PIT) ROCE % : 1.80% (As of Mar. 2024)

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What is Polaris IT 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. Polaris IT Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.80%.

Polaris IT Group ROCE % Historical Data

The historical data trend for Polaris IT 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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Polaris IT Group ROCE % Chart

Polaris IT Group Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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163.18

10.34

14.00

4.85

1.78

Polaris IT Group 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															11.37	4.03	3.20	-11.06	1.80

Polaris IT Group ROCE % Calculation

Polaris IT Group'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 )
	=	1.234	/	( ( (89.845 - 21.152)	+	(97.702 - 27.806) )	/ 2 )
	=	1.234	/	( (68.693	+	69.896)	/ 2 )
	=	1.234	/	69.2945
	=	1.78 %

Polaris IT Group'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 )
	=	1.248	/	( ( (97.702 - 27.806)	+	(97.676 - 29.143) )	/ 2 )
	=	1.248	/	( ( 69.896	+	68.533 )	/ 2 )
	=	1.248	/	69.2145
	=	1.80 %

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

Polaris IT Group (WAR:PIT) 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.

Polaris IT Group ROCE % Related Terms

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Polaris IT Group (WAR:PIT) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Polaris IT Group SA (WAR:PIT) » Definitions » ROCE %

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Address

ul. Swieradowska 47, Warsaw, POL, 02-662

Website

http://www.polarisitgroup.com

Polaris IT Group SA, formerly Ark Royal SA is engaged in the field of export of goods and services. The company intends to be an information technology company providing solutions based on artificial intelligence and complex hardware and software solutions.