Porvair (LSE:PRV) ROCE % : 11.73% (As of Nov. 2023)

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What is Porvair 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. Porvair's annualized ROCE % for the quarter that ended in Nov. 2023 was 11.73%.

Porvair ROCE % Historical Data

The historical data trend for Porvair'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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Porvair ROCE % Chart

Porvair Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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12.76

9.68

11.24

13.36

13.25

Porvair Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial															9.10	14.12	12.81	15.10	11.73

Porvair ROCE % Calculation

Porvair's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	21.001	/	( ( (187.696 - 34.357)	+	(196.07 - 32.508) )	/ 2 )
	=	21.001	/	( (153.339	+	163.562)	/ 2 )
	=	21.001	/	158.4505
	=	13.25 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	18.696	/	( ( (190.628 - 35.31)	+	(196.07 - 32.508) )	/ 2 )
	=	18.696	/	( ( 155.318	+	163.562 )	/ 2 )
	=	18.696	/	159.44
	=	11.73 %

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

Porvair (LSE:PRV) 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.

Porvair ROCE % Related Terms

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Porvair (LSE:PRV) Business Description

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PVARF:USA PRVl:UK

Address

7 Regis Place, Bergen Way, King's Lynn, Norfolk, GBR, PE30 2JN

Website

https://www.porvair.com

Porvair PLC is an environmental treatment control company. It develops filtration solutions to be used by various types of industries. The company caters to its clients through three divisions, Aerospace and Industrial, Laboratory and Metal Melt Quality. Aerospace and Industrial Division is a key revenue generator, designs and manufactures specialist filtration equipment for application in aerospace, energy, bioscience, water and industrial applications. Laboratory Division designs and manufactures instruments and consumables for use in environmental and bioscience laboratories. Metal Melt Quality Division designs and manufactures porous ceramic filters for the filtration of molten metals. The company generates majority of its manufacturing revenue from sales in the United States.

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