Petards Group (LSE:PEG) ROCE % : -17.32% (As of Dec. 2023)

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What is Petards 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. Petards Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.32%.

Petards Group ROCE % Historical Data

The historical data trend for Petards 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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Petards Group ROCE % Chart

Petards Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.79

-15.15

7.25

2.62

-14.48

Petards Group 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															2.80	3.13	2.18	-11.77	-17.32

Petards Group ROCE % Calculation

Petards 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 )
	=	-1.163	/	( ( (11.541 - 3.189)	+	(10.725 - 3.017) )	/ 2 )
	=	-1.163	/	( (8.352	+	7.708)	/ 2 )
	=	-1.163	/	8.03
	=	-14.48 %

Petards Group'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 )
	=	-1.362	/	( ( (10.666 - 2.642)	+	(10.725 - 3.017) )	/ 2 )
	=	-1.362	/	( ( 8.024	+	7.708 )	/ 2 )
	=	-1.362	/	7.866
	=	-17.32 %

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

Petards Group (LSE:PEG) 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.

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Petards Group (LSE:PEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Petards Group PLC (LSE:PEG) » Definitions » ROCE %

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PEG.GB:UK

Address

32 London Road, Parallel House, Guildford, Surrey, GBR, GU1 2AB

Website

https://www.petards.com

Petards Group PLC is a security and surveillance systems supplier. The company's operating segment is the Development, Supply, and Maintenance of Technologies used in the security, surveillance, and ruggedized electronic applications segment in the Rail, Traffic, and Defence segment. The company serves the transport, defense, and emergency services market offering software-driven onboard digital video and sensor systems, electronic defensive countermeasure systems, threat simulation systems, and mobile radios. The geographical segments of the company are the United Kingdom, Continental Europe, and the Rest of the World, of which maximum revenue is generated from the United Kingdom.