Ecolomondo (TSXV:ECM) ROCE % : -37.19% (As of Dec. 2023)

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What is Ecolomondo 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. Ecolomondo's annualized ROCE % for the quarter that ended in Dec. 2023 was -37.19%.

Ecolomondo ROCE % Historical Data

The historical data trend for Ecolomondo'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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Ecolomondo ROCE % Chart

Ecolomondo Annual Data

Trend

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.91

-11.09

-2.46

-3.04

-12.71

Ecolomondo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.32	-2.95	-3.72	-4.98	-37.19

Ecolomondo ROCE % Calculation

Ecolomondo'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 )
	=	-4.645	/	( ( (43.958 - 6.307)	+	(45.187 - 9.747) )	/ 2 )
	=	-4.645	/	( (37.651	+	35.44)	/ 2 )
	=	-4.645	/	36.5455
	=	-12.71 %

Ecolomondo'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 )
	=	-14.004	/	( ( (47.004 - 7.131)	+	(45.187 - 9.747) )	/ 2 )
	=	-14.004	/	( ( 39.873	+	35.44 )	/ 2 )
	=	-14.004	/	37.6565
	=	-37.19 %

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

Ecolomondo (TSXV:ECM) 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.

Ecolomondo ROCE % Related Terms

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Ecolomondo (TSXV:ECM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Ecolomondo Corp (TSXV:ECM) » Definitions » ROCE %

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ECLMF:USA

Address

3435 Pitfield Boulevard, Saint-Laurent, QC, CAN, H4S 1H7

Website

https://www.ecolomondo.com

Ecolomondo Corp is a clean tech company focused on deployment of TDP turnkey facilities using its proprietary Thermal Decomposition Process (TDP) using a pyrolysis platform that converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. The Company's planned principal business is the sale, licencing and the manufacture of turnkey facilities based on the TDP technology platform as well as the collection of royalties from their operation or the operation of these facilities through wholly-owned or jointly-owned companies.

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