Chesterfield Special Cylinders Holdings (FRA:PRS) ROCE % : -20.84% (As of Sep. 2024)

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What is Chesterfield Special Cylinders Holdings 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. Chesterfield Special Cylinders Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was -20.84%.

Chesterfield Special Cylinders Holdings ROCE % Historical Data

The historical data trend for Chesterfield Special Cylinders Holdings'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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Chesterfield Special Cylinders Holdings ROCE % Chart

Chesterfield Special Cylinders Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-63.91

-21.48

-21.19

-0.11

-17.26

Chesterfield Special Cylinders Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-16.11	-15.82	15.28	-11.70	-20.84

Chesterfield Special Cylinders Holdings ROCE % Calculation

Chesterfield Special Cylinders Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-2.841	/	( ( (31.246 - 12.675)	+	(29.11 - 14.753) )	/ 2 )
	=	-2.841	/	( (18.571	+	14.357)	/ 2 )
	=	-2.841	/	16.464
	=	-17.26 %

Chesterfield Special Cylinders Holdings'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 )
	=	-3.454	/	( ( (29.576 - 10.784)	+	(29.11 - 14.753) )	/ 2 )
	=	-3.454	/	( ( 18.792	+	14.357 )	/ 2 )
	=	-3.454	/	16.5745
	=	-20.84 %

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

Chesterfield Special Cylinders Holdings (FRA:PRS) 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.

Chesterfield Special Cylinders Holdings ROCE % Related Terms

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Chesterfield Special Cylinders Holdings Business Description

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PRES:UK

Address

Meadowhall Road, Pressure Technologies Building, Sheffield, South Yorkshire, GBR, S9 1BT

Website

https://www.chesterfieldcylinders.com

Chesterfield Special Cylinders Holdings Plc is a provider of bespoke, high-pressure gas containment solutions and services. Its high-pressure cylinders are a critical component for a number of end applications, from high-pressure systems in naval submarines and surface vessels to oxygen cylinders in fighter jets, from the bulk storage of industrial gases to air pressure vessels in floating oil platform motion compensation systems and more recently for hydrogen transport refueling and energy storage.