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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. Parks! America's annualized ROCE % for the quarter that ended in Mar. 2024 was -29.49%.
The historical data trend for Parks! America'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.
Parks! America Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 16.33 | 28.09 | 21.68 | 6.61 | -1.83 |
Parks! America 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 | -22.80 | 15.09 | 3.04 | -9.18 | -29.49 |
Parks! America's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | -0.35 | / | ( ( (21.104 - 1.522) | + | (20.096 - 1.418) ) | / 2 ) | |
= | -0.35 | / | ( (19.582 | + | 18.678) | / 2 ) | |
= | -0.35 | / | 19.13 | ||||
= | -1.83 % |
Parks! America'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 ) | |||||
= | -5.184 | / | ( ( (19.64 - 1.463) | + | (19.415 - 2.429) ) | / 2 ) | |
= | -5.184 | / | ( ( 18.177 | + | 16.986 ) | / 2 ) | |
= | -5.184 | / | 17.5815 | ||||
= | -29.49 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Parks! America (OTCPK:PRKA) 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.
Thank you for viewing the detailed overview of Parks! America's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Focused Compounding Fund, Lp | 10 percent owner | 3838 OAK LAWN AVENUE, SUITE 1000, C/O FOCUSED COMPOUNDING CAPITAL MGMT, DALLAS TX 75219 |
Charles Kohnen | director | 5424 SPICE BUSH COURT, DAYTON OH 45429 |
Lisa Michelle Brady | director | 1007 DOCKWAY DRIVE, HURON OH 44839 |
Richard Ruffolo | director | C/O THE YANKEE CANDLE COMPANY, INC., 16 YANKEE CANDLE WAY, SOUTH DEERFIELD MA 01373 |
Focused Compounding Capital Management, Llc | other: Investment Mgr of 10% Owner | 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075 |
Andrew Mitchel Kuhn | other: Managing Member of IA | 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075 |
Geoffrey Harvey Gannon | other: Managing Member of IA | 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075 |
Mark Alan Whitfield | officer: Executive Vice President | 1501 COPPERFIELD PARKWAY, APT 312, COLLEGE STATION TX 77845 |
Voorhis Dale Van | director, officer: Chief Operating Officer | 5684 PIONEER TRAIL, HIRAM OH 44234 |
Jeff Lococo | director, officer: Secretary | 4304 WALNUT CREEK LANE, SANDUSKY OH 44870 |
Todd R White | officer: Chief Financial Officer | 16600 N THOMPSON PEAK PKWY, #1069, SCOTTSDALE AZ 85260 |
William S Jump | director | 485 OAK CREEK CLIFFS DRIVE, SEDONA AZ 86336 |
John Paul Gannon | director | 6040 KENTIGERN CT. SOUTH, DUBLIN OH 43017 |
Nicholas Aaron Parks | 10 percent owner | 5010 THORNBROOK RIDGE, COLUMBIA MO 65203 |
Jim Meikle | director | 208 S ACADEMY AVE, STE 130, EAGLE ID 83616 |
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