Phinergy (XTAE:PNRG) ROCE % : -68.03% (As of Jun. 2024)

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What is Phinergy 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. Phinergy's annualized ROCE % for the quarter that ended in Jun. 2024 was -68.03%.

Phinergy ROCE % Historical Data

The historical data trend for Phinergy'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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Phinergy ROCE % Chart

Phinergy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-179.93

-38.78

-24.95

-21.87

Phinergy Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial				-26.43	-24.23	-35.65	-3.28	-68.03

Phinergy ROCE % Calculation

Phinergy'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 )
	=	-29.176	/	( ( (176.254 - 12.684)	+	(115.816 - 12.577) )	/ 2 )
	=	-29.176	/	( (163.57	+	103.239)	/ 2 )
	=	-29.176	/	133.4045
	=	-21.87 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-75.778	/	( ( (115.816 - 12.577)	+	(129.688 - 10.133) )	/ 2 )
	=	-75.778	/	( ( 103.239	+	119.555 )	/ 2 )
	=	-75.778	/	111.397
	=	-68.03 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Phinergy (XTAE:PNRG) 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.

Phinergy ROCE % Related Terms

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Phinergy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phinergy Ltd (XTAE:PNRG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yodfat 2, E.T. North, Lod, ISR, 7129104

Website

https://www.phinergy.com

Phinergy Ltd is a developer of clean and high energy-density systems based on metal-air technology. With its aluminium-air battery, the company has developed a way to generate electricity using aluminium as an energy source. The solutions offered by the company include Energy Back up, Energy Storage, and Electric Transportation.