PlasCred Circular Innovations (PlasCred Circular Innovations) ROCE % : 0.00% (As of Jun. 2023)

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What is PlasCred Circular Innovations 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. PlasCred Circular Innovations's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

PlasCred Circular Innovations ROCE % Historical Data

The historical data trend for PlasCred Circular Innovations'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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PlasCred Circular Innovations ROCE % Chart

PlasCred Circular Innovations Annual Data

Trend

Dec22

Dec23

ROCE %

-11,564.62

PlasCred Circular Innovations Quarterly Data
	Jun22	Mar23	Jun23	Dec23
ROCE %	-	-	-	-

PlasCred Circular Innovations ROCE % Calculation

PlasCred Circular Innovations'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 )
	=	-7.517	/	( ( (0.361 - 0.817)	+	(1.571 - 0.985) )	/ 2 )
	=	-7.517	/	( (-0.456	+	0.586)	/ 2 )
	=	-7.517	/	0.065
	=	-11,564.62 %

PlasCred Circular Innovations's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-1.188	/	( ( (0.786 - 1.447)	+	(0.802 - 1.794) )	/ 2 )
	=	-1.188	/	( ( -0.661	+	-0.992 )	/ 2 )
	=	-1.188	/	-0.8265
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

PlasCred Circular Innovations (OTCPK:MGPRF) 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.

PlasCred Circular Innovations ROCE % Related Terms

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PlasCred Circular Innovations (PlasCred Circular Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » PlasCred Circular Innovations Inc (OTCPK:MGPRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

XV2:Germany PLAS:Canada

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.plascred.com

PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

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