ECO Buildings Group (LSE:ECOB) ROCE % : -9.39% (As of Jun. 2024)

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What is ECO Buildings 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. ECO Buildings Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -9.39%.

ECO Buildings Group ROCE % Historical Data

The historical data trend for ECO Buildings 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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ECO Buildings Group ROCE % Chart

ECO Buildings Group Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-43.38

-25.99

ECO Buildings Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-66.79	-25.03	-18.60	-9.39

ECO Buildings Group ROCE % Calculation

ECO Buildings 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 )
	=	-1.913	/	( ( (1.253 - 0.702)	+	(16.187 - 2.015) )	/ 2 )
	=	-1.913	/	( (0.551	+	14.172)	/ 2 )
	=	-1.913	/	7.3615
	=	-25.99 %

ECO Buildings 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 )
	=	-1.324	/	( ( (16.187 - 2.015)	+	(15.594 - 1.575) )	/ 2 )
	=	-1.324	/	( ( 14.172	+	14.019 )	/ 2 )
	=	-1.324	/	14.0955
	=	-9.39 %

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

ECO Buildings Group (LSE:ECOB) 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.

ECO Buildings Group ROCE % Related Terms

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ECO Buildings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ECO Buildings Group PLC (LSE:ECOB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ECOB:UK

Address

160 Camden High Street, London, GBR, NW1 0NE

Website

https://www.eco-buildingsplc.com

ECO Buildings Group PLC operates in the prefabricated modular housing sector. The company manufactures glass fibre-reinforced gypsum (GFRG) panels, for housing and commercial developments. It comprises two divisions; Eco Buildings Group Ltd which provides housing solutions based on Glass Fibre Reinforced Gypsum (GFRG) technology; and Fox Marble which provides processed marble quarried in the Balkans for use in construction and developments. Geographically, the company generates its revenue from Europe.

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