Synthomer (LSE:SYNT) ROCE % : 0.30% (As of Jun. 2024)

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What is Synthomer 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. Synthomer's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.30%.

Synthomer ROCE % Historical Data

The historical data trend for Synthomer'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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Synthomer ROCE % Chart

Synthomer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.94

4.01

17.46

0.61

-1.35

Synthomer Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															11.62	-9.25	-0.74	-2.12	0.30

Synthomer ROCE % Calculation

Synthomer'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 )
	=	-31.7	/	( ( (3047.6 - 582.7)	+	(2706.7 - 488.1) )	/ 2 )
	=	-31.7	/	( (2464.9	+	2218.6)	/ 2 )
	=	-31.7	/	2341.75
	=	-1.35 %

Synthomer's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	6.6	/	( ( (2706.7 - 488.1)	+	(2616 - 476.1) )	/ 2 )
	=	6.6	/	( ( 2218.6	+	2139.9 )	/ 2 )
	=	6.6	/	2179.25
	=	0.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Synthomer (LSE:SYNT) 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.

Synthomer ROCE % Related Terms

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Synthomer Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Synthomer PLC (LSE:SYNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SYHMY:USA SYNTl:UK 7YC2:Germany

Address

45 Pall Mall, London, GBR, SW1Y 5JG

Website

https://www.synthomer.com

Synthomer PLC is a specialty chemicals company. It supplies a variety of chemicals including latex and adhesives, which are used in a wide range of markets such as construction, coatings, textiles, paper, and healthcare. The company's markets and products include Adhesives, Coatings, Construction, Health & Protection, Energy Solutions, Performance Materials and Paper, Carpet & Foam. The company organizes itself into segments: Coatings & Construction Solutions, Adhesive Solutions, Health & Protection and Performance Materials, and corporate. A vast majority of the company's revenue is generated from Coatings & Construction Solutions.