Afyren (XPAR:ALAFY) ROCE % : -12.90% (As of Dec. 2023)

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What is Afyren 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. Afyren's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.90%.

Afyren ROCE % Historical Data

The historical data trend for Afyren'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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Afyren ROCE % Chart

Afyren Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.55

-7.94

-5.66

-10.82

-13.17

Afyren Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-6.75	-9.49	-12.48	-13.44	-12.90

Afyren ROCE % Calculation

Afyren'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 )
	=	-9.406	/	( ( (84.821 - 7.958)	+	(70.427 - 4.414) )	/ 2 )
	=	-9.406	/	( (76.863	+	66.013)	/ 2 )
	=	-9.406	/	71.438
	=	-13.17 %

Afyren'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-8.854	/	( ( (76.38 - 5.107)	+	(70.427 - 4.414) )	/ 2 )
	=	-8.854	/	( ( 71.273	+	66.013 )	/ 2 )
	=	-8.854	/	68.643
	=	-12.90 %

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

Afyren (XPAR:ALAFY) 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.

Afyren ROCE % Related Terms

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Afyren (XPAR:ALAFY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Afyren (XPAR:ALAFY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

90N:Germany

Address

9-11 rue Gutenberg, Clermont-Ferrand, FRA, 63000

Website

https://www.afyren.com

Afyren is a sustainable chemistry company that offers innovative solutions for replacing petroleum-based ingredients with non-food biomass products, in line with a circular, low-carbon economy approach. Using natural microorganisms, Afyren's solutions help produce a family of seven entirely bio-sourced organic acids, as well as one high-value-added fertilizer.

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