Plantify Foods (TSXV:PTFY) ROCE % : 0.00% (As of Sep. 2024)

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What is Plantify Foods 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. Plantify Foods's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Plantify Foods ROCE % Historical Data

The historical data trend for Plantify Foods'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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Plantify Foods ROCE % Chart

Plantify Foods Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-2,491.45

Plantify Foods Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-293.61	-292.53	-	-	-

Plantify Foods ROCE % Calculation

Plantify Foods'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 )
	=	-2.915	/	( ( (2.572 - 2.731)	+	(3.202 - 2.809) )	/ 2 )
	=	-2.915	/	( (-0.159	+	0.393)	/ 2 )
	=	-2.915	/	0.117
	=	-2,491.45 %

Plantify Foods'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 )
	=	-7.444	/	( ( (2.523 - 4.088)	+	(0.559 - 4.276) )	/ 2 )
	=	-7.444	/	( ( -1.565	+	-3.717 )	/ 2 )
	=	-7.444	/	-2.641
	=	0 %

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

Plantify Foods (TSXV:PTFY) 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.

Plantify Foods ROCE % Related Terms

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Plantify Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Plantify Foods Inc (TSXV:PTFY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2264 E 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://www.plantifyfoods.com

Plantify Foods Inc is engaged in the development, production, and sales of plant-based foods out of its subsidiary's factory located in Kibbutz Gonen. Its geographic regions are Israel, Europe, and the United States. Its products are Dips, Spreads & Salads, Stews, Veggie Nuggets & Balls, Soups, and White Label.

Plantify Foods Headlines

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