SulNOx Group (AQSE:SNOX) ROCE % : -26.93% (As of Sep. 2024)

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What is SulNOx Group 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. SulNOx Group's annualized ROCE % for the quarter that ended in Sep. 2024 was -26.93%.

SulNOx Group ROCE % Historical Data

The historical data trend for SulNOx Group'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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SulNOx Group ROCE % Chart

SulNOx Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-20.79

-10.09

-23.02

-22.80

-21.81

SulNOx Group Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial							-22.78	-23.92	-22.69	-23.51	-26.93

SulNOx Group ROCE % Calculation

SulNOx Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-1.857	/	( ( (8.145 - 0.361)	+	(9.67 - 0.426) )	/ 2 )
	=	-1.857	/	( (7.784	+	9.244)	/ 2 )
	=	-1.857	/	8.514
	=	-21.81 %

SulNOx Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-2.342	/	( ( (9.67 - 0.426)	+	(8.514 - 0.365) )	/ 2 )
	=	-2.342	/	( ( 9.244	+	8.149 )	/ 2 )
	=	-2.342	/	8.6965
	=	-26.93 %

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

SulNOx Group (AQSE:SNOX) 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.

SulNOx Group ROCE % Related Terms

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SulNOx Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SulNOx Group PLC (AQSE:SNOX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SNOXF:USA 3U4:Germany

Address

10 Orange Street, Haymarket, London, GBR, WC2H 7DQ

Website

https://www.sulnoxgroup.com

SulNOx Group PLC manufactures conditioners, emulsifiers, and emulsion stabilizers for hydrocarbon fuels. The company offers Berol 6446 HFO Fuel Emulsifier and SulNOxEco Conditioner to power generation, shipping, rail, and all road transport companies.

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