SRJ Technologies Group (ASX:SRJ) ROCE % : -1,540.55% (As of Jun. 2024)

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What is SRJ Technologies 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. SRJ Technologies Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -1,540.55%.

SRJ Technologies Group ROCE % Historical Data

The historical data trend for SRJ Technologies 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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SRJ Technologies Group ROCE % Chart

SRJ Technologies Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-82.58

-136.94

-282.02

-215.84

SRJ Technologies Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-333.91	-454.63	-232.69	-242.02	-1,540.55

SRJ Technologies Group ROCE % Calculation

SRJ Technologies Group'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 )
	=	-2.167	/	( ( (3.386 - 2.224)	+	(2.44 - 1.594) )	/ 2 )
	=	-2.167	/	( (1.162	+	0.846)	/ 2 )
	=	-2.167	/	1.004
	=	-215.84 %

SRJ Technologies 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 )
	=	-3.628	/	( ( (2.44 - 1.594)	+	(1.964 - 2.339) )	/ 2 )
	=	-3.628	/	( ( 0.846	+	-0.375 )	/ 2 )
	=	-3.628	/	0.2355
	=	-1,540.55 %

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

SRJ Technologies Group (ASX:SRJ) 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.

SRJ Technologies Group ROCE % Related Terms

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SRJ Technologies Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SRJ Technologies Group PLC (ASX:SRJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Le Quai House, Le Quai D'Auvergne, Saint Helier, JEY, JE2 3TN

Website

https://www.srj-technologies.com

SRJ Technologies Group PLC develops and distributes a range of weld-free coupling and leak containment solutions for pipeline and process pipework systems. The products are designed for pipe repair and the emergency replacement market but can also be integrated into new pipeline builds. The Company also offers Asset Integrity Management consulting services to help asset owners develop and implement an effective asset integrity services.

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