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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. Patrys's annualized ROCE % for the quarter that ended in Dec. 2023 was -88.27%.
The historical data trend for Patrys'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.
Patrys Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
ROCE % | Get a 7-Day Free Trial |
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-56.25 | -57.76 | -65.85 | -76.41 | -95.34 |
Patrys Semi-Annual Data | ||||||||||||||||||||
Jun14 | Dec14 | Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial |
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-87.20 | -54.85 | -95.97 | -101.51 | -88.27 |
Patrys's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | -6.685 | / | ( ( (9.817 - 0.382) | + | (5.05 - 0.461) ) | / 2 ) | |
= | -6.685 | / | ( (9.435 | + | 4.589) | / 2 ) | |
= | -6.685 | / | 7.012 | ||||
= | -95.34 % |
Patrys's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Dec. 2023 ) | (Q: Jun. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Jun. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -3.508 | / | ( ( (5.05 - 0.461) | + | (3.75 - 0.391) ) | / 2 ) | |
= | -3.508 | / | ( ( 4.589 | + | 3.359 ) | / 2 ) | |
= | -3.508 | / | 3.974 | ||||
= | -88.27 % |
(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) 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.
Patrys (OTCPK:PATLF) 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 Patrys's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
From GuruFocus
By Business Wire Business Wire • 11-18-2022
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