Partway Group (LSE:PTY) ROCE % : -21.67% (As of Jun. 2023)

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What is Partway 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. Partway Group's annualized ROCE % for the quarter that ended in Jun. 2023 was -21.67%.

Partway Group ROCE % Historical Data

The historical data trend for Partway 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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Partway Group ROCE % Chart

Partway Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.61

-9.18

0.38

-11.81

-17.17

Partway Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-10.87	-12.26	2.36	-39.67	-21.67

Partway Group ROCE % Calculation

Partway 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 )
	=	-1.027	/	( ( (13.227 - 6.129)	+	(12.766 - 7.899) )	/ 2 )
	=	-1.027	/	( (7.098	+	4.867)	/ 2 )
	=	-1.027	/	5.9825
	=	-17.17 %

Partway 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 )
	=	-0.892	/	( ( (12.766 - 7.899)	+	(8.185 - 4.82) )	/ 2 )
	=	-0.892	/	( ( 4.867	+	3.365 )	/ 2 )
	=	-0.892	/	4.116
	=	-21.67 %

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

Partway Group (LSE:PTY) 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.

Partway Group ROCE % Related Terms

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Partway Group (LSE:PTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Partway Group PLC (LSE:PTY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PTY.GB:UK

Address

32 Blackfriars Road, London, GBR, SE1 9PB

Website

https://www.partway.net

Partway Group PLC formerly Parity Group PLC provides professional recruitment, information technology solutions, and people development services to its clients. The company provides a range of recruitment and data and technology solutions to clients across the public and private sectors. The company provides recruitment services including predominately interim recruitment to a diverse range of clients delivered to central and local government within the public sector and retail, housing, utilities, and education in the private sector, and data and technology solutions including data consultancy services and business intelligence solutions. The company generates the majority of its revenue from geographical segments of the United Kingdom as compared to European Union, and Others.