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CVW CleanTech (TSXV:CVW) ROCE % : -29.79% (As of Dec. 2023)


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What is CVW CleanTech 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. CVW CleanTech's annualized ROCE % for the quarter that ended in Dec. 2023 was -29.79%.


CVW CleanTech ROCE % Historical Data

The historical data trend for CVW CleanTech'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.

* Premium members only.

CVW CleanTech ROCE % Chart

CVW CleanTech Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.34 -121.11 -1,028.76 -150.34 -59.90

CVW CleanTech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -79.66 -61.74 -62.92 -73.18 -29.79

CVW CleanTech ROCE % Calculation

CVW CleanTech'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 )
=-3.701/( ( (7.069 - 0.327) + (6.291 - 0.675) )/ 2 )
=-3.701/( (6.742+5.616)/ 2 )
=-3.701/6.179
=-59.90 %

CVW CleanTech'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 )
=-1.756/( ( (6.361 - 0.188) + (6.291 - 0.675) )/ 2 )
=-1.756/( ( 6.173 + 5.616 )/ 2 )
=-1.756/5.8945
=-29.79 %

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

* 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.


CVW CleanTech  (TSXV:CVW) 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.


CVW CleanTech ROCE % Related Terms

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CVW CleanTech (TSXV:CVW) Business Description

Traded in Other Exchanges
Address
736 - 8th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 1H4
CVW CleanTech Inc is a clean technology company engaged in the commercialization CreatingValue from Waste (CVW) that recovers bitumen, solvents, critical minerals and water from oil sands froth treatment tailings while significantly reducing their emissions and enhancing tailings management. All of the company's activities and assets are located in Canada.

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