GETECH Group (LSE:GTC) ROCE % : -67.02% (As of Jun. 2023)

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What is GETECH 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. GETECH Group's annualized ROCE % for the quarter that ended in Jun. 2023 was -67.02%.

GETECH Group ROCE % Historical Data

The historical data trend for GETECH 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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GETECH Group ROCE % Chart

GETECH Group Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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1.81

-24.34

-17.48

-25.66

-26.74

GETECH Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-9.83	-31.92	-19.55	-33.90	-67.02

GETECH Group ROCE % Calculation

GETECH Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.052	/	( ( (15.053 - 2.237)	+	(12.437 - 2.423) )	/ 2 )
	=	-3.052	/	( (12.816	+	10.014)	/ 2 )
	=	-3.052	/	11.415
	=	-26.74 %

GETECH Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-5.79	/	( ( (12.437 - 2.423)	+	(9.933 - 2.669) )	/ 2 )
	=	-5.79	/	( ( 10.014	+	7.264 )	/ 2 )
	=	-5.79	/	8.639
	=	-67.02 %

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

GETECH Group (LSE:GTC) 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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GETECH Group (LSE:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GETECH Group PLC (LSE:GTC) » Definitions » ROCE %

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3AS:Germany

Address

Elmete Lane, Kitson House, Elmete Hall, West Yorkshire, Leeds, GBR, LS8 2LJ

Website

https://www.getech.com

GETECH Group PLC is a UK-based geosciences service provider company. It is engaged in the provision of geological services, reports, and data to the petroleum and mining industries to assist in their exploration activities. The company organizes its operations into two main segments: Products and Services. It derives its revenue from the Product segment. It has operations in the Americas, the United Kingdom, the Rest of Europe, Asia-Pacific, Africa, and others.

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