PureCycle Technologies (PureCycle Technologies) ROCE % : -33.71% (As of Mar. 2024)

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What is PureCycle Technologies 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. PureCycle Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was -33.71%.

PureCycle Technologies ROCE % Historical Data

The historical data trend for PureCycle Technologies'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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PureCycle Technologies ROCE % Chart

PureCycle Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-83.90

-24.58

-13.99

-11.38

-7.71

PureCycle Technologies Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-12.38	-13.53	6.73	-2.81	-33.71

PureCycle Technologies ROCE % Calculation

PureCycle Technologies'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 )
	=	-69.697	/	( ( (861.336 - 38.301)	+	(1039.373 - 55.61) )	/ 2 )
	=	-69.697	/	( (823.035	+	983.763)	/ 2 )
	=	-69.697	/	903.399
	=	-7.71 %

PureCycle Technologies'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 )
	=	-282.212	/	( ( (1039.373 - 55.61)	+	(734.015 - 43.57) )	/ 2 )
	=	-282.212	/	( ( 983.763	+	690.445 )	/ 2 )
	=	-282.212	/	837.104
	=	-33.71 %

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

PureCycle Technologies (NAS:PCTTU) 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.

PureCycle Technologies ROCE % Related Terms

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PureCycle Technologies (PureCycle Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PureCycle Technologies Inc (NAS:PCTTU) » Definitions » ROCE %

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PCT:USA PCT:Mexico

Address

5950 Hazeltine National Drive, Suite 300, Orlando, FL, USA, 32822

Website

https://www.purecycle.com

PureCycle Technologies Inc holds a global license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene (PP) into a virgin-like resin. The proprietary process removes color, odor and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market.