Symphony Environmental Technologies (LSE:SYM) ROCE % : -79.13% (As of Jun. 2023)

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What is Symphony 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. Symphony Environmental Technologies's annualized ROCE % for the quarter that ended in Jun. 2023 was -79.13%.

Symphony Environmental Technologies ROCE % Historical Data

The historical data trend for Symphony 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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Symphony Environmental Technologies ROCE % Chart

Symphony Environmental Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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3.57

-21.64

-9.54

-35.73

-102.92

Symphony Environmental Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-28.24	-44.99	-88.36	-140.37	-79.13

Symphony Environmental Technologies ROCE % Calculation

Symphony Environmental Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-2.93	/	( ( (6.445 - 2.635)	+	(5.863 - 3.979) )	/ 2 )
	=	-2.93	/	( (3.81	+	1.884)	/ 2 )
	=	-2.93	/	2.847
	=	-102.92 %

Symphony Environmental Technologies's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.56	/	( ( (5.863 - 3.979)	+	(5.56 - 3.501) )	/ 2 )
	=	-1.56	/	( ( 1.884	+	2.059 )	/ 2 )
	=	-1.56	/	1.9715
	=	-79.13 %

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

Symphony Environmental Technologies (LSE:SYM) 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.

Symphony Environmental Technologies ROCE % Related Terms

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Symphony Environmental Technologies (LSE:SYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Symphony Environmental Technologies PLC (LSE:SYM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

XP7:Germany

Address

6 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, GBR, WD6 1JD

Website

https://www.symphonyenvironmental.com

Symphony Environmental Technologies PLC develops and markets environmental plastic products. It has developed a protective plastic technology under the d2p (designed to protect) brand, which offers extra protection from bacteria, insects, fungi, algae, odor, fouling, and fire. Its products include d2w a masterbatch system that turns ordinary plastic into a material with a different molecular structure, d2Detector is a portable XRF that determines whether a plastic product contains d2w, d2p offers extra protection to plastic product, and d2t offers a tracer system to determine the authenticity of plastic packaging and other plastic products. Its geographic areas are the United Kingdom, Europe, the Americas, the Middle East and Asia, and Africa.