Cyclezyme AB (XSAT:CYCLE) ROCE % : -33.14% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Cyclezyme AB 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. Cyclezyme AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -33.14%.

Cyclezyme AB ROCE % Historical Data

The historical data trend for Cyclezyme AB'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.

Cyclezyme AB ROCE % Chart

Cyclezyme AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

4.00

-85.54

-118.39

-33.14

Cyclezyme AB Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	4.00	-85.54	-118.39	-33.14

Cyclezyme AB ROCE % Calculation

Cyclezyme AB'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 )
	=	-1.492	/	( ( (2.046 - 0.378)	+	(8.148 - 0.811) )	/ 2 )
	=	-1.492	/	( (1.668	+	7.337)	/ 2 )
	=	-1.492	/	4.5025
	=	-33.14 %

Cyclezyme AB's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-1.492	/	( ( (2.046 - 0.378)	+	(8.148 - 0.811) )	/ 2 )
	=	-1.492	/	( ( 1.668	+	7.337 )	/ 2 )
	=	-1.492	/	4.5025
	=	-33.14 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Cyclezyme AB (XSAT:CYCLE) 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.

Cyclezyme AB ROCE % Related Terms

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

Cyclezyme AB (XSAT:CYCLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cyclezyme AB (XSAT:CYCLE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Scheelevagen 22, Lund, SWE, 223 63

Website

https://www.cyclezyme.se

Cyclezyme AB is a Sweden-based company that has developed an enzymatic platform focused on producing enzymes for green biochemical processes. This platform utilizes biotechnological methods to identify and improve enzymes capable of converting e.g. PET-based plastic materials for new building blocks. The company enables careful experiments and analyses of the behavior of different enzymes in the breakdown of e.g. PET material. The company refines its enzymes and also optimizes the processes for plastic recycling by combining experimental data with data analysis.

Cyclezyme AB (XSAT:CYCLE) Headlines

No Headlines