Carbonxt Group (ASX:CG1) ROCE % : -52.42% (As of Jun. 2024)

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What is Carbonxt 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. Carbonxt Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -52.42%.

Carbonxt Group ROCE % Historical Data

The historical data trend for Carbonxt 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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Carbonxt Group ROCE % Chart

Carbonxt Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-23.52

-34.17

-31.14

-30.73

-31.41

Carbonxt Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial									-35.74	-29.86	-29.00	-15.48	-52.42

Carbonxt Group ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-5.285	/	( ( (33.802 - 14.149)	+	(32.851 - 18.847) )	/ 2 )
	=	-5.285	/	( (19.653	+	14.004)	/ 2 )
	=	-5.285	/	16.8285
	=	-31.41 %

Carbonxt Group'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 )
	=	-7.822	/	( ( (30.075 - 14.233)	+	(32.851 - 18.847) )	/ 2 )
	=	-7.822	/	( ( 15.842	+	14.004 )	/ 2 )
	=	-7.822	/	14.923
	=	-52.42 %

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

Carbonxt Group (ASX:CG1) 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.

Carbonxt Group ROCE % Related Terms

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Carbonxt Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Carbonxt Group Ltd (ASX:CG1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3951 NW 48th Terrace, Suite 111, Gainesville, FL, USA, 32606

Website

https://www.carbonxt.com

Carbonxt Group Ltd is an Australian company engaged in the development and sale of specialized Activated Carbon (AC) products, including Powdered Activated Carbon (PAC) and AC pellets for the removal of pollutants and toxins in industrial processes. Geographically, it derives a majority of its revenue from the United States of America. The company's product comprises coal-fired power plants, cement plants, waste-to-energy, potable water, and other applications.

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