PPK Group (ASX:PPK) ROCE % : -16.81% (As of Dec. 2023)

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What is PPK 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. PPK Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.81%.

PPK Group ROCE % Historical Data

The historical data trend for PPK 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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PPK Group ROCE % Chart

PPK Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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7.23

18.41

-8.51

-15.38

-10.43

PPK Group 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															3.59	-27.59	-13.98	-7.13	-16.81

PPK Group ROCE % Calculation

PPK Group'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 )
	=	-12.261	/	( ( (120.976 - 3.387)	+	(135.58 - 18.057) )	/ 2 )
	=	-12.261	/	( (117.589	+	117.523)	/ 2 )
	=	-12.261	/	117.556
	=	-10.43 %

PPK Group'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 )
	=	-19.09	/	( ( (135.58 - 18.057)	+	(129.593 - 20.023) )	/ 2 )
	=	-19.09	/	( ( 117.523	+	109.57 )	/ 2 )
	=	-19.09	/	113.5465
	=	-16.81 %

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

PPK Group (ASX:PPK) 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.

PPK Group ROCE % Related Terms

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PPK Group (ASX:PPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PPK Group Ltd (ASX:PPK) » Definitions » ROCE %

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PLPKF:USA

Address

10 Eagle Street, Level 27, Brisbane, QLD, AUS, 4000

Website

https://www.ppkgroup.com.au

PPK Group Ltd invests in publicly listed and privately held business, property ownership, and the manufacture of high-grade boron nitride nanotubes. The group invests capital and expertise in high-potential science and technology opportunities with a current focus on nanomaterials, artificial intelligence, and energy storage solutions. It operates in the technology Segment. It is also engaged in ballistic armor and dental products. The company generates the majority of its revenue from the Energy storage business.

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