Pierre & Vacances (XPAR:VAC) ROCE % : 1.22% (As of Mar. 2023)

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What is Pierre & Vacances 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. Pierre & Vacances's annualized ROCE % for the quarter that ended in Mar. 2023 was 1.22%.

Pierre & Vacances ROCE % Historical Data

The historical data trend for Pierre & Vacances'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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Pierre & Vacances ROCE % Chart

Pierre & Vacances Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

ROCE %

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5.39

3.17

-13.35

-6.48

24.34

Pierre & Vacances Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial															-21.41	9.81	4.47	46.92	1.22

Pierre & Vacances ROCE % Calculation

Pierre & Vacances's annualized ROCE % for the fiscal year that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	603.054	/	( ( (3832.616 - 1645.861)	+	(3900.545 - 1131.932) )	/ 2 )
	=	603.054	/	( (2186.755	+	2768.613)	/ 2 )
	=	603.054	/	2477.684
	=	24.34 %

Pierre & Vacances's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	32.322	/	( ( (3900.545 - 1131.932)	+	(3778.223 - 1264.05) )	/ 2 )
	=	32.322	/	( ( 2768.613	+	2514.173 )	/ 2 )
	=	32.322	/	2641.393
	=	1.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Pierre & Vacances (XPAR:VAC) 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.

Pierre & Vacances ROCE % Related Terms

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Pierre & Vacances (XPAR:VAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pierre & Vacances (XPAR:VAC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PV6:Germany

Address

L’Artois, Espace Pont de Flandre, 11, Rue de Cambrai, Paris Cedex 19, Paris, FRA, 75947

Website

http://www.groupepvcp.com

Pierre & Vacances is a France-based company engaged in providing holiday residences. The company's segment includes Center Parcs; Pierre and Vacances; Adagio; Major Projects and Senioriales and riales Holding company. It generates maximum revenue from the Center Parcs segment. The Center Parcs segment includes the operation of the Domaines marketed under the Center Parcs, Sunparks and Villages Nature brands, and the construction/renovation of tourism assets and real estate marketing activities in the Netherlands, Germany and Belgium.