Sharps Technology (Sharps Technology) ROCE % : -97.57% (As of Mar. 2024)

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What is Sharps Technology 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. Sharps Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was -97.57%.

Sharps Technology ROCE % Historical Data

The historical data trend for Sharps Technology'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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Sharps Technology ROCE % Chart

Sharps Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-109.48

-170.80

-134.77

-112.97

Sharps Technology Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-88.34	-101.08	-95.91	-123.62	-97.57

Sharps Technology ROCE % Calculation

Sharps Technology'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 )
	=	-10.127	/	( ( (11.84 - 2.007)	+	(11.789 - 3.693) )	/ 2 )
	=	-10.127	/	( (9.833	+	8.096)	/ 2 )
	=	-10.127	/	8.9645
	=	-112.97 %

Sharps Technology'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 )
	=	-7.376	/	( ( (11.789 - 3.693)	+	(9.804 - 2.781) )	/ 2 )
	=	-7.376	/	( ( 8.096	+	7.023 )	/ 2 )
	=	-7.376	/	7.5595
	=	-97.57 %

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

Sharps Technology (NAS:STSSW) 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.

Sharps Technology ROCE % Related Terms

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Sharps Technology (Sharps Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sharps Technology Inc (NAS:STSSW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STSS:USA

Address

105 Maxess Road, Suite 124, Melville, NY, USA, 11747

Website

https://www.sharpstechnology.com

Sharps Technology Inc is a medical device company. It offers syringes and other safety products. Sharps provensa ultra-low waste smart safety syringes are designed to eliminate over two million potentially infectious and accidental needlestick injuries.