Pryme NV (OSL:PRYME) ROCE % : -30.24% (As of Mar. 2024)

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What is Pryme NV 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. Pryme NV's annualized ROCE % for the quarter that ended in Mar. 2024 was -30.24%.

Pryme NV ROCE % Historical Data

The historical data trend for Pryme NV'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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Pryme NV ROCE % Chart

Pryme NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-2.11

-5.12

-10.49

-9.97

-28.10

Pryme NV Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-10.02	-10.25	-13.61	-63.76	-30.24

Pryme NV ROCE % Calculation

Pryme NV'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 )
	=	-173.806	/	( ( (652.589 - 59.636)	+	(727.023 - 82.969) )	/ 2 )
	=	-173.806	/	( (592.953	+	644.054)	/ 2 )
	=	-173.806	/	618.5035
	=	-28.10 %

Pryme NV's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-182.204	/	( ( (727.023 - 82.969)	+	(601.856 - 41.007) )	/ 2 )
	=	-182.204	/	( ( 644.054	+	560.849 )	/ 2 )
	=	-182.204	/	602.4515
	=	-30.24 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Pryme NV (OSL:PRYME) 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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Pryme NV (OSL:PRYME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Pryme NV (OSL:PRYME) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8XG:Germany

Address

Fascinatio Boulevard 220, Rotterdam, ZH, NLD, 3065

Website

https://www.pryme-cleantech.com

Pryme NV is a cleantech company that has developed a technology to convert non-recyclable plastic into chemicals and hydrocarbons. The company's goal is the development and application of innovative technology in the field of processing plastic waste into pyrolysis oil.

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