Syensqo (FRA:2NF) ROCE % : 9.96% (As of Jun. 2023)

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What is Syensqo 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. Syensqo's annualized ROCE % for the quarter that ended in Jun. 2023 was 9.96%.

Syensqo ROCE % Historical Data

The historical data trend for Syensqo'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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Syensqo ROCE % Chart

Syensqo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-12.64

8.25

14.25

Syensqo Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
ROCE %	-	-	16.64	11.98	9.96

Syensqo ROCE % Calculation

Syensqo's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1099	/	( ( (12675 - 5149)	+	(13633 - 5739) )	/ 2 )
	=	1099	/	( (7526	+	7894)	/ 2 )
	=	1099	/	7710
	=	14.25 %

Syensqo's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	848	/	( ( (13633 - 5739)	+	(13275 - 4147) )	/ 2 )
	=	848	/	( ( 7894	+	9128 )	/ 2 )
	=	848	/	8511
	=	9.96 %

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

Syensqo (FRA:2NF) 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.

Syensqo ROCE % Related Terms

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Syensqo (FRA:2NF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Syensqo SA (FRA:2NF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SYENSb:UK SYENS:Belgium

Address

Rue de la fusee 98, Brussels, BEL, 1130

Website

https://www.syensqo.com

Syensqo SA is a company dedicated to providing solutions across specialty polymers, composite materials, specialty formulations and bio-circular chemistries to assist its customers in identifying, developing and manufacturing the next generation of high-performance sustainable solutions.

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