Provaris Energy (Provaris Energy) ROCE % : -234.45% (As of Dec. 2023)

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What is Provaris Energy 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. Provaris Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -234.45%.

Provaris Energy ROCE % Historical Data

The historical data trend for Provaris Energy'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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Provaris Energy ROCE % Chart

Provaris Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-77.18

-50.35

-32.97

-47.76

-72.30

Provaris Energy 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															-33.18	-47.21	-52.73	-90.58	-234.45

Provaris Energy ROCE % Calculation

Provaris Energy'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 )
	=	-5.246	/	( ( (12.19 - 0.585)	+	(3.509 - 0.602) )	/ 2 )
	=	-5.246	/	( (11.605	+	2.907)	/ 2 )
	=	-5.246	/	7.256
	=	-72.30 %

Provaris Energy'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 )
	=	-5.118	/	( ( (3.509 - 0.602)	+	(1.813 - 0.354) )	/ 2 )
	=	-5.118	/	( ( 2.907	+	1.459 )	/ 2 )
	=	-5.118	/	2.183
	=	-234.45 %

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

Provaris Energy (OTCPK:GBBLF) 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.

Provaris Energy ROCE % Related Terms

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Provaris Energy (Provaris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Provaris Energy Ltd (OTCPK:GBBLF) » Definitions » ROCE %

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WS90:Germany PV1:Australia

Address

Unit 19, 40 St Quentin Avenue, Claremont, Perth, WA, AUS, 6010

Website

https://www.provaris.energy

Provaris Energy Ltd is a developer of integrated green hydrogen projects. The Group has only one operating segment, being the integrated compressed hydrogen supply chains.

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