Kromek Group (LSE:KMK) ROCE % : -9.68% (As of Oct. 2023)

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What is Kromek Group 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. Kromek Group's annualized ROCE % for the quarter that ended in Oct. 2023 was -9.68%.

Kromek Group ROCE % Historical Data

The historical data trend for Kromek Group'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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Kromek Group ROCE % Chart

Kromek Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-1.39

-29.74

-10.51

-9.93

-12.01

Kromek Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															-9.69	-10.11	-19.47	-3.31	-9.68

Kromek Group ROCE % Calculation

Kromek Group's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-6.047	/	( ( (67.423 - 13.946)	+	(63.878 - 16.676) )	/ 2 )
	=	-6.047	/	( (53.477	+	47.202)	/ 2 )
	=	-6.047	/	50.3395
	=	-12.01 %

Kromek Group's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	-5.094	/	( ( (63.878 - 16.676)	+	(68.745 - 10.674) )	/ 2 )
	=	-5.094	/	( ( 47.202	+	58.071 )	/ 2 )
	=	-5.094	/	52.6365
	=	-9.68 %

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

Kromek Group (LSE:KMK) 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.

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Kromek Group (LSE:KMK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kromek Group PLC (LSE:KMK) » Definitions » ROCE %

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KRMKF:USA

Address

Thomas Wright Way, NETPark, Sedgefield, Durham, GBR, TS21 3FD

Website

https://www.kromek.com

Kromek Group PLC is the developer of radiation detectors based on cadmium zinc telluride, providing improved detection and characterization capabilities within the medical imaging, nuclear detection, and security screening markets. Based on its technology platforms, the company design, develop, and produces x-ray and gamma-ray imaging and radiation detection products for the industrial and consumer markets. Some of its products include TN15 thermal neutron detector, SPEAR CZT-based radiation detector, VTF voltage to frequency converter, D3S NET networked radiation detector, and Photon-counting spectral CT. Its geographical segments include the United Kingdom, North America, Asia, Europe, and Australasia, of which the majority of the revenue comes from North America.

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