Zenova Group (LSE:ZED) ROCE % : -45.86% (As of May. 2023)

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What is Zenova 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. Zenova Group's annualized ROCE % for the quarter that ended in May. 2023 was -45.86%.

Zenova Group ROCE % Historical Data

The historical data trend for Zenova 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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Zenova Group ROCE % Chart

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

ROCE %

-41.76

-45.53

Zenova Group Semi-Annual Data
	May21	Nov21	May22	Nov22	May23
ROCE %	-	-33.74	-41.95	-50.30	-45.86

Zenova Group ROCE % Calculation

Zenova Group's annualized ROCE % for the fiscal year that ended in Nov. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	-2.022	/	( ( (5.612 - 0.135)	+	(3.599 - 0.194) )	/ 2 )
	=	-2.022	/	( (5.477	+	3.405)	/ 2 )
	=	-2.022	/	4.441
	=	-45.53 %

Zenova Group's ROCE % of for the quarter that ended in May. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2023 )		(Q: Nov. 2022 )		(Q: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2023 )		(Q: Nov. 2022 )		(Q: May. 2023 )
	=	-1.418	/	( ( (3.599 - 0.194)	+	(2.95 - 0.171) )	/ 2 )
	=	-1.418	/	( ( 3.405	+	2.779 )	/ 2 )
	=	-1.418	/	3.092
	=	-45.86 %

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

Zenova Group (LSE:ZED) 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.

Zenova Group ROCE % Related Terms

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Zenova Group (LSE:ZED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zenova Group PLC (LSE:ZED) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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