Biorem (TSXV:BRM) ROCE % : 100.99% (As of Sep. 2024)

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What is Biorem 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. Biorem's annualized ROCE % for the quarter that ended in Sep. 2024 was 100.99%.

Biorem ROCE % Historical Data

The historical data trend for Biorem'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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Biorem ROCE % Chart

Biorem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.31

21.03

20.63

38.43

34.05

Biorem Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															41.84	141.09	19.79	18.86	100.99

Biorem ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	3.063	/	( ( (20.73 - 12.922)	+	(24.076 - 13.894) )	/ 2 )
	=	3.063	/	( (7.808	+	10.182)	/ 2 )
	=	3.063	/	8.995
	=	34.05 %

Biorem's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	12.12	/	( ( (24.39 - 13.344)	+	(24.377 - 11.42) )	/ 2 )
	=	12.12	/	( ( 11.046	+	12.957 )	/ 2 )
	=	12.12	/	12.0015
	=	100.99 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Biorem (TSXV:BRM) 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.

Biorem ROCE % Related Terms

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Biorem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Biorem Inc (TSXV:BRM) » Definitions » ROCE %

Comparable Companies

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BIRMF:USA

Address

7496 Wellington Road 34, RR Number 3, Puslinch, Guelph, ON, CAN, N1H 6H9

Website

https://www.biorem.biz

Biorem Inc is an environmental biotechnology company. It is involved in the manufacturing of a comprehensive line of high efficiency air pollution control systems that are used to eliminate odorous and harmful contaminants. The company's products include Biofilters, Biogas Solutions, Multi-Stage Systems, Biotrickling filters, and services such as Media Sampling and Analysis, Biological processes and testing, Media replacements and Spare parts, and other related services. The company derives revenues from the sale of standard products, construction projects for specialized products, and services for repairs and maintenance. The group has a business presence in Canada, the United States, China and others, of which key revenue is derived from the United States.

Executives

William Baxter White	Director
Derek Webb	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Brian Herner	Director, Senior Officer

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