Itaconix (AQSE:ITX) ROCE % : -19.19% (As of Jun. 2024)

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What is Itaconix 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. Itaconix's annualized ROCE % for the quarter that ended in Jun. 2024 was -19.19%.

Itaconix ROCE % Historical Data

The historical data trend for Itaconix'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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Itaconix ROCE % Chart

Itaconix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-87.24

-58.09

-86.40

-362.29

-26.07

Itaconix Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-159.54	-	-26.32	-14.39	-19.19

Itaconix ROCE % Calculation

Itaconix's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.287	/	( ( (2.072 - 2.611)	+	(11.958 - 1.545) )	/ 2 )
	=	-1.287	/	( (-0.539	+	10.413)	/ 2 )
	=	-1.287	/	4.937
	=	-26.07 %

Itaconix's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1.904	/	( ( (11.958 - 1.545)	+	(10.598 - 1.164) )	/ 2 )
	=	-1.904	/	( ( 10.413	+	9.434 )	/ 2 )
	=	-1.904	/	9.9235
	=	-19.19 %

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

Itaconix (AQSE:ITX) 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.

Itaconix ROCE % Related Terms

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Itaconix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Itaconix PLC (AQSE:ITX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ITX:UK

Address

2 Marin Way, Unit 1, Stratham, NH, USA, 03885

Website

https://www.itaconix.com

Itaconix PLC is developing and producing bio-based polymers from itaconic acid. The company products are used in the safety of home care, personal care, and industrial sectors. Geographically, it derives the majority of its revenue from North America and also has a presence in Europe. The Company has two business segments which include Performance Ingredients develops, produces, and sells proprietary specialty polymers that are used as functional ingredients to meet customers' needs in cleaning, beauty, and hygiene products. Formulation Solutions provides technical services and ingredient supplies for formulated products developed for customers based on Performance Ingredients.

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