Phoslock Environmental Technologies (ASX:PET) ROCE % : -39.35% (As of Dec. 2024)

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What is Phoslock Environmental Technologies 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. Phoslock Environmental Technologies's annualized ROCE % for the quarter that ended in Dec. 2024 was -39.35%.

Phoslock Environmental Technologies ROCE % Historical Data

The historical data trend for Phoslock Environmental Technologies'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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Phoslock Environmental Technologies ROCE % Chart

Phoslock Environmental Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-51.86

-15.54

-52.28

-17.22

-30.85

Phoslock Environmental Technologies Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-53.87	-53.73	17.66	-21.88	-39.35

Phoslock Environmental Technologies ROCE % Calculation

Phoslock Environmental Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-3.493	/	( ( (14.441 - 2.167)	+	(11.233 - 0.864) )	/ 2 )
	=	-3.493	/	( (12.274	+	10.369)	/ 2 )
	=	-3.493	/	11.3215
	=	-30.85 %

Phoslock Environmental Technologies's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-4.356	/	( ( (12.429 - 0.66)	+	(11.233 - 0.864) )	/ 2 )
	=	-4.356	/	( ( 11.769	+	10.369 )	/ 2 )
	=	-4.356	/	11.069
	=	-39.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Phoslock Environmental Technologies (ASX:PET) 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.

Phoslock Environmental Technologies ROCE % Related Terms

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Phoslock Environmental Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phoslock Environmental Technologies Ltd (ASX:PET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Elizabeth Street, Suite3, Level 12, Sydney, NSW, AUS, 2000

Website

http://www.phoslock.com.au

Phoslock Environmental Technologies Ltd provides water technologies and engineering solutions to manage nutrients and other water pollutants. The company is engaged in providing design, engineering, and project implementation solutions for water-related projects and water treatment products to clean up lakes, rivers, canals, wetlands, and drinking water reservoirs. The geographical segments of the group are Australia/New Zealand, Europe/UK, U.S/Canada/Brazil, and China.