Papyrus Australia (ASX:PPY) ROCE % : -58.33% (As of Dec. 2023)

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What is Papyrus Australia 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. Papyrus Australia's annualized ROCE % for the quarter that ended in Dec. 2023 was -58.33%.

Papyrus Australia ROCE % Historical Data

The historical data trend for Papyrus Australia'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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Papyrus Australia ROCE % Chart

Papyrus Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-26.43

-26.64

-43.07

Papyrus Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-24.11	-31.20	-44.14	-48.44	-58.33

Papyrus Australia ROCE % Calculation

Papyrus Australia's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.239	/	( ( (3.477 - 0.204)	+	(2.682 - 0.202) )	/ 2 )
	=	-1.239	/	( (3.273	+	2.48)	/ 2 )
	=	-1.239	/	2.8765
	=	-43.07 %

Papyrus Australia's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.466	/	( ( (2.682 - 0.202)	+	(2.692 - 0.145) )	/ 2 )
	=	-1.466	/	( ( 2.48	+	2.547 )	/ 2 )
	=	-1.466	/	2.5135
	=	-58.33 %

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

Papyrus Australia (ASX:PPY) 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.

Papyrus Australia ROCE % Related Terms

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Papyrus Australia (ASX:PPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Papyrus Australia Ltd (ASX:PPY) » Definitions » ROCE %

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Address

C/o V P Rigano & Co Pty Ltd, Level 2, 2 Peel Street, Adelaide, SA, AUS, 5000

Website

https://www.papyrusaustralia.com.au

Papyrus Australia Ltd develops a technology that converts the waste trunk of the banana palm into alternatives to forest wood products to be used in paper, packaging, furniture, building, construction, and other industries. The Group's commercialisation strategy remains focused on developing partnerships with local organizations in banana-growing regions, to establish banana processing facilities for the conversion of banana plantation waste into moulded food packaging products.