WPU Waste Plastic Upcycling AS (OSL:WPU) ROCE % : -75.13% (As of Dec. 2022)

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What is WPU Waste Plastic Upcycling AS 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. WPU Waste Plastic Upcycling AS's annualized ROCE % for the quarter that ended in Dec. 2022 was -75.13%.

WPU Waste Plastic Upcycling AS ROCE % Historical Data

The historical data trend for WPU Waste Plastic Upcycling AS'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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WPU Waste Plastic Upcycling AS ROCE % Chart

WPU Waste Plastic Upcycling AS Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-50.83

-32.99

WPU Waste Plastic Upcycling AS Semi-Annual Data
	Jun22	Dec22	Dec23
ROCE %	-20,000.00	-75.13	-

WPU Waste Plastic Upcycling AS ROCE % Calculation

WPU Waste Plastic Upcycling AS'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 )
	=	-40.473	/	( ( (150.365 - 50.33)	+	(248.84 - 103.528) )	/ 2 )
	=	-40.473	/	( (100.035	+	145.312)	/ 2 )
	=	-40.473	/	122.6735
	=	-32.99 %

WPU Waste Plastic Upcycling AS's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-37.6	/	( ( (0.087 - 0.029)	+	(150.365 - 50.33) )	/ 2 )
	=	-37.6	/	( ( 0.058	+	100.035 )	/ 2 )
	=	-37.6	/	50.0465
	=	-75.13 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

WPU Waste Plastic Upcycling AS (OSL:WPU) 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.

WPU Waste Plastic Upcycling AS ROCE % Related Terms

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WPU Waste Plastic Upcycling AS (OSL:WPU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » WPU Waste Plastic Upcycling AS (OSL:WPU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YN2:Germany

Address

Hojgardsvej 13A, Lammefjorden, Farevejle, DNK, 4540

Website

https://www.wpu-dk.com

WPU Waste Plastic Upcycling AS is engaged in the upcycling of plastics. It converts plastic waste to oil that turns into new products. Its technology is based on pyrolysis, which processes the plastic at high temperatures. With pyrolysis, plastics that are no longer suitable for mechanical recycling could be given new life.

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