Market Cap : 1.65 B | Enterprise Value : 1.75 B | PE Ratio : | PB Ratio : 22.73 |
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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. Precigen's annualized ROCE % for the quarter that ended in Sep. 2020 was -33.04%.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Precigen's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | -191.021 | / | ( ( (716.177 - 61.562) | + | (455.763 - 122.912) ) | / 2 ) | |
= | -191.021 | / | ( (654.615 | + | 332.851) | / 2 ) | |
= | -191.021 | / | 493.733 | ||||
= | -38.69 % |
Precigen's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2020 ) | (Q: Jun. 2020 ) | (Q: Sep. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2020 ) | (Q: Jun. 2020 ) | (Q: Sep. 2020 ) | |||||
= | -99.648 | / | ( ( (361.715 - 64.1) | + | (336.186 - 30.661) ) | / 2 ) | |
= | -99.648 | / | ( ( 297.615 | + | 305.525 ) | / 2 ) | |
= | -99.648 | / | 301.57 | ||||
= | -33.04 % |
Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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.
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