Biome Technologies (LSE:BIOM) ROCE % : -32.29% (As of Dec. 2023)

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What is Biome Technologies 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. Biome Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -32.29%.

Biome Technologies ROCE % Historical Data

The historical data trend for Biome Technologies'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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Biome Technologies ROCE % Chart

Biome Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.71

-35.65

-29.69

-26.12

-58.98

Biome Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-21.15	-44.26	-9.05	-74.39	-32.29

Biome Technologies ROCE % Calculation

Biome Technologies'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 )
	=	-1.382	/	( ( (3.6 - 0.988)	+	(3.835 - 1.761) )	/ 2 )
	=	-1.382	/	( (2.612	+	2.074)	/ 2 )
	=	-1.382	/	2.343
	=	-58.98 %

Biome Technologies'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 )
	=	-0.776	/	( ( (4.219 - 1.486)	+	(3.835 - 1.761) )	/ 2 )
	=	-0.776	/	( ( 2.733	+	2.074 )	/ 2 )
	=	-0.776	/	2.4035
	=	-32.29 %

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

Biome Technologies (LSE:BIOM) 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.

Biome Technologies ROCE % Related Terms

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Biome Technologies (LSE:BIOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Biome Technologies PLC (LSE:BIOM) » Definitions » ROCE %

Comparable Companies

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BIOM.GB:UK

Address

Starpol Technology Centre, North Road, Marchwood, Southampton, Hampshire, GBR, SO40 4BL

Website

https://www.biometechnologiesplc.com

Biome Technologies PLC is an innovator and supplier of biodegradable natural polymers. The company operates in two areas, Bioplastics Division produces bio-degradable products capable of replacing conventional oil-based plastics and has diverse applications including flexible films, moulded products, extruded sheets, and food wraps, and the Radio Frequency Division designing and installing specialist Radio Frequency furnaces, welders, and induction equipment. The majority of the revenues are earned from the Bioplastics segment.

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