Aduro Clean Technologies (FRA:9D50) ROCE % : -143.11% (As of Feb. 2024)

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What is Aduro Clean Technologies 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. Aduro Clean Technologies's annualized ROCE % for the quarter that ended in Feb. 2024 was -143.11%.

Aduro Clean Technologies ROCE % Historical Data

The historical data trend for Aduro Clean Technologies'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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Aduro Clean Technologies ROCE % Chart

Aduro Clean Technologies Annual Data

Trend

May18

May19

May20

May21

May22

May23

ROCE %

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-55.16

-382.97

-209.37

-118.94

Aduro Clean Technologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-204.15	-121.79	-95.78	-141.19	-143.11

Aduro Clean Technologies ROCE % Calculation

Aduro Clean Technologies's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-3.979	/	( ( (2.37 - 0.487)	+	(5.16 - 0.352) )	/ 2 )
	=	-3.979	/	( (1.883	+	4.808)	/ 2 )
	=	-3.979	/	3.3455
	=	-118.94 %

Aduro Clean Technologies's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-5.56	/	( ( (4.223 - 0.398)	+	(4.233 - 0.288) )	/ 2 )
	=	-5.56	/	( ( 3.825	+	3.945 )	/ 2 )
	=	-5.56	/	3.885
	=	-143.11 %

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

Aduro Clean Technologies (FRA:9D50) 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.

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Aduro Clean Technologies (FRA:9D50) Business Description

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ACTHF:USA ACT:Canada

Address

1086 Modeland Road, Suite 104, Sarnia, ON, CAN, N7S 6L2

Website

https://www.adurocleantech.com

Aduro Clean Technologies Inc is a developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into feedstocks and higher-value fuels. The company's technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and costs.

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