PyroGenesis Canada (TSX:PYR) ROCE % : -191.64% (As of Sep. 2023)

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What is PyroGenesis Canada 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. PyroGenesis Canada's annualized ROCE % for the quarter that ended in Sep. 2023 was -191.64%.

PyroGenesis Canada ROCE % Historical Data

The historical data trend for PyroGenesis Canada'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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PyroGenesis Canada ROCE % Chart

PyroGenesis Canada Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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142.44

-71.54

-93.95

PyroGenesis Canada Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-50.62	-171.62	-112.67	-142.54	-191.64

PyroGenesis Canada ROCE % Calculation

PyroGenesis Canada's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-31.422	/	( ( (69.771 - 24.752)	+	(47.667 - 25.797) )	/ 2 )
	=	-31.422	/	( (45.019	+	21.87)	/ 2 )
	=	-31.422	/	33.4445
	=	-93.95 %

PyroGenesis Canada's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-23.832	/	( ( (36.83 - 22.714)	+	(36.843 - 26.087) )	/ 2 )
	=	-23.832	/	( ( 14.116	+	10.756 )	/ 2 )
	=	-23.832	/	12.436
	=	-191.64 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

PyroGenesis Canada (TSX:PYR) 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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PyroGenesis Canada (TSX:PYR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PyroGenesis Canada Inc (TSX:PYR) » Definitions » ROCE %

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PYRGF:USA 8PY:Germany

Address

1744 William Street, Suite 200, Montreal, QC, CAN, H3J 1R4

Website

https://www.pyrogenesis.com

PyroGenesis Canada Inc is engaged in the design, development, manufacture, and commercialization of advanced plasma processes and systems. The company provides technical & manufacturing expertise, cutting-edge contract research, and turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil & gas, and environmental industries. Its Product categories include Aluminum & Zinc Dross Recovery, Plasma Atomized Metal Powders, Waste Management, Innovation / Custom Process Development, and Plasma Torches. Its geographical segments are Brazil, Canada, United States, Mexico, Israel, Saudi Arabia, India, Africa, England, Germany, Netherlands, Poland, Spain and Vietnam. Majority of revenue is generated from Canada.

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