Progress Acquisition (Progress Acquisition) ROCE % : -1.99% (As of Sep. 2022)

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What is Progress Acquisition 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. Progress Acquisition's annualized ROCE % for the quarter that ended in Sep. 2022 was -1.99%.

Progress Acquisition ROCE % Historical Data

The historical data trend for Progress Acquisition'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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Progress Acquisition ROCE % Chart

Progress Acquisition Annual Data

Trend

Dec20

Dec21

ROCE %

-1.15

Progress Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			-0.62	-0.76	-0.52	-2.91	-1.99

Progress Acquisition ROCE % Calculation

Progress Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-0.992	/	( ( (0.101 - 0.079)	+	(172.901 - 0.385) )	/ 2 )
	=	-0.992	/	( (0.022	+	172.516)	/ 2 )
	=	-0.992	/	86.269
	=	-1.15 %

Progress Acquisition's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-3.444	/	( ( (172.891 - 0.37)	+	(173.367 - 0.43) )	/ 2 )
	=	-3.444	/	( ( 172.521	+	172.937 )	/ 2 )
	=	-3.444	/	172.729
	=	-1.99 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Progress Acquisition (NAS:PGRWW) 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.

Progress Acquisition ROCE % Related Terms

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