Pyrum Innovations AG (OSL:PYRUM) ROCE % : -23.74% (As of Dec. 2023)

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What is Pyrum Innovations AG 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. Pyrum Innovations AG's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.74%.

Pyrum Innovations AG ROCE % Historical Data

The historical data trend for Pyrum Innovations AG'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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Pyrum Innovations AG ROCE % Chart

Pyrum Innovations AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-47.86

-41.10

-27.75

-17.50

-22.95

Pyrum Innovations AG Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-20.70	-21.02	-20.84	-22.30	-23.74

Pyrum Innovations AG ROCE % Calculation

Pyrum Innovations AG'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 )
	=	-104.056	/	( ( (521.814 - 79.993)	+	(585.866 - 120.898) )	/ 2 )
	=	-104.056	/	( (441.821	+	464.968)	/ 2 )
	=	-104.056	/	453.3945
	=	-22.95 %

Pyrum Innovations AG'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-114.628	/	( ( (567.596 - 66.924)	+	(585.866 - 120.898) )	/ 2 )
	=	-114.628	/	( ( 500.672	+	464.968 )	/ 2 )
	=	-114.628	/	482.82
	=	-23.74 %

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

Pyrum Innovations AG (OSL:PYRUM) 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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Pyrum Innovations AG (OSL:PYRUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pyrum Innovations AG (OSL:PYRUM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PYR:Germany

Address

Dieselstrasse 8, Dillingen, SL, DEU, D-66763

Website

https://www.pyrum.net

Pyrum Innovations AG is a recycling technology company. The company recycles end-of-life tyres with its patented pyrolysis technology, obtaining new raw materials such as recovered carbon black, pyrolysis oil and gas. The the company operates in the recycling market for end-of-life tyres. It generates revenue from customers in Germany and European Union.

Executives

Jürgen Franz Opitz	Supervisory Board
Manfred Alt	Supervisory Board

Pyrum Innovations AG (OSL:PYRUM) Headlines

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