Plastic2Oil (Plastic2Oil) ROCE % : 0.00% (As of Sep. 2019)

View and export this data going back to 2007. Start your Free Trial

What is Plastic2Oil 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. Plastic2Oil's annualized ROCE % for the quarter that ended in Sep. 2019 was 0.00%.

Plastic2Oil ROCE % Historical Data

The historical data trend for Plastic2Oil'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.

* Premium members only.

Plastic2Oil ROCE % Chart

Plastic2Oil Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

Get a 7-Day Free Trial

-111.74

-326.78

Plastic2Oil Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Plastic2Oil ROCE % Calculation

Plastic2Oil's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-1.616	/	( ( (1.821 - 11.812)	+	(0.796 - 14.682) )	/ 2 )
	=	-1.616	/	( (-9.991	+	-13.886)	/ 2 )
	=	-1.616	/	-11.9385
	=	13.54 %

Plastic2Oil's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-0.66	/	( ( (0.76 - 15.642)	+	(0.732 - 16.019) )	/ 2 )
	=	-0.66	/	( ( -14.882	+	-15.287 )	/ 2 )
	=	-0.66	/	-15.0845
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Plastic2Oil (OTCPK:PTOI) 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.

Plastic2Oil ROCE % Related Terms

Thank you for viewing the detailed overview of Plastic2Oil's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Plastic2Oil (Plastic2Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Plastic2Oil Inc (OTCPK:PTOI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Iroquois Street, Niagara Falls, NY, USA, 14303

Website

https://www.plastic2oil.com

Plastic2Oil Inc is a U.S based fuel company which engages in transforming unsorted and unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement in the United States. It uses waste plastic as feedstock to produce Fuel Oil No. 2, naphtha, and Fuel Oil No. 6 for various uses. The company also produces by-products, including an off-gas similar to natural gas and a petcoke carbon residue.

Executives

Luke R Taylor	10 percent owner, other: See Remarks Below	184 THOMPSON ST, APT 2A, NEW YORK NY 10012
Michael B. Dorrell	10 percent owner, other: See Remarks Below	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Trent D Vichie	10 percent owner, other: See Remarks Below	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Duncan D Murdoch	10 percent owner	532 W 22ND ST, APT 2A, NEW YORK NY 10011

Plastic2Oil (Plastic2Oil) Headlines

No Headlines