SpotLite360 IOT Solutions (XCNQ:LITE) ROCE % : 0.00% (As of Sep. 2023)

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What is SpotLite360 IOT Solutions 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. SpotLite360 IOT Solutions's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

SpotLite360 IOT Solutions ROCE % Historical Data

The historical data trend for SpotLite360 IOT Solutions'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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SpotLite360 IOT Solutions ROCE % Chart

SpotLite360 IOT Solutions Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-137.45

-114.19

-323.13

SpotLite360 IOT Solutions Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial									-62.85	-453.95	4,368.75	-	-

SpotLite360 IOT Solutions ROCE % Calculation

SpotLite360 IOT Solutions's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-11.56	/	( ( (7.751 - 1.03)	+	(3.347 - 2.913) )	/ 2 )
	=	-11.56	/	( (6.721	+	0.434)	/ 2 )
	=	-11.56	/	3.5775
	=	-323.13 %

SpotLite360 IOT Solutions's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.776	/	( ( (0.303 - 0.898)	+	(0.221 - 1.018) )	/ 2 )
	=	-0.776	/	( ( -0.595	+	-0.797 )	/ 2 )
	=	-0.776	/	-0.696
	=	0 %

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

SpotLite360 IOT Solutions (XCNQ:LITE) 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.

SpotLite360 IOT Solutions ROCE % Related Terms

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SpotLite360 IOT Solutions (XCNQ:LITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » SpotLite360 IOT Solutions Inc (XCNQ:LITE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPLTF:USA

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.spotlite360.com

SpotLite360 IOT Solutions Inc is a supply chain and healthcare company focused on the delivery of a SaaS-based supply chain execution and sustainability platform for enterprise customers in the pharmaceutical, healthcare, and agricultural industries. Its Spotlite360 Software meets the customer needs for supply chain execution, tracing, tracking, and sustainability.