Recylex (FRA:MEP) ROCE % : -67.39% (As of Dec. 2020)

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What is Recylex 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. Recylex's annualized ROCE % for the quarter that ended in Dec. 2020 was -67.39%.

Recylex ROCE % Historical Data

The historical data trend for Recylex'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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Recylex ROCE % Chart

Recylex Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-15.29

23.78

-78.27

Recylex Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
ROCE %	Get a 7-Day Free Trial															-153.23	-151.66	-	-	-67.39

Recylex ROCE % Calculation

Recylex's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	134.433	/	( ( (116.667 - 185.95)	+	(36.984 - 33.183) )	/ 2 )
	=	134.433	/	( (-69.283	+	3.801)	/ 2 )
	=	134.433	/	-32.741
	=	-410.60 %

Recylex's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	-3.15	/	( ( (39.607 - 34.06)	+	(36.984 - 33.183) )	/ 2 )
	=	-3.15	/	( ( 5.547	+	3.801 )	/ 2 )
	=	-3.15	/	4.674
	=	-67.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2020) EBIT data.

Recylex (FRA:MEP) 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.

Recylex ROCE % Related Terms

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Recylex (FRA:MEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Recylex SA (FRA:MEP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

79 Rue Jean-Jaques Rousseau, Suresnes Cedex, Paris, FRA, 92158

Website

http://www.recylex.fr

Recylex SA is specialized in the recycling of lead from used automotive and industrial batteries, zinc recycling from electrical steel mill dust and old zinc and recycling of polypropylene from used battery casings and other industrial waste such as car parts and construction waste. It is also engaged in the production of special metals used in the electronics sector, the optical industry and cutting-edge technologies. The company provides corporate services and also conducts business of processing scrap lead-acid batteries at two sites in France.

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