Premier Investments (ASX:PMV) ROCE % : 22.00% (As of Jan. 2024)

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What is Premier Investments 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. Premier Investments's annualized ROCE % for the quarter that ended in Jan. 2024 was 22.00%.

Premier Investments ROCE % Historical Data

The historical data trend for Premier Investments'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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Premier Investments ROCE % Chart

Premier Investments Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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9.84

12.13

22.25

21.52

18.96

Premier Investments Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															25.60	17.52	24.73	13.46	22.00

Premier Investments ROCE % Calculation

Premier Investments's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	387.945	/	( ( (2304.734 - 394.352)	+	(2518.129 - 335.996) )	/ 2 )
	=	387.945	/	( (1910.382	+	2182.133)	/ 2 )
	=	387.945	/	2046.2575
	=	18.96 %

Premier Investments's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	484.358	/	( ( (2518.129 - 335.996)	+	(2568.066 - 347.754) )	/ 2 )
	=	484.358	/	( ( 2182.133	+	2220.312 )	/ 2 )
	=	484.358	/	2201.2225
	=	22.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

Premier Investments (ASX:PMV) 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.

Premier Investments ROCE % Related Terms

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Premier Investments (ASX:PMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Premier Investments Ltd (ASX:PMV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

417 St Kilda Road, Level 7, Melbourne, VIC, AUS, 3004

Website

https://www.premierinvestments.com.au

Premier Investments is an Australian company that operates six speciality retail fashion chains in the speciality retail fashion markets in Australia and New Zealand. It also operates the unique Smiggle brand, retailing children's stationery in Australia and overseas markets. Premier Investments has a separate business division that focuses on investment in listed securities and money market deposits.

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