Newalta (Newalta) ROCE % : -2.50% (As of Mar. 2018)

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What is Newalta 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. Newalta's annualized ROCE % for the quarter that ended in Mar. 2018 was -2.50%.

Newalta ROCE % Historical Data

The historical data trend for Newalta'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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Newalta ROCE % Chart

Newalta Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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4.39

1.25

-17.07

-18.65

-3.66

Newalta Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
ROCE %	Get a 7-Day Free Trial															-5.02	-5.33	1.33	-5.79	-2.50

Newalta ROCE % Calculation

Newalta's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-18.081	/	( ( (547.093 - 49.346)	+	(538.991 - 48.766) )	/ 2 )
	=	-18.081	/	( (497.747	+	490.225)	/ 2 )
	=	-18.081	/	493.986
	=	-3.66 %

Newalta's ROCE % of for the quarter that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	-12.208	/	( ( (538.991 - 48.766)	+	(537.884 - 49.726) )	/ 2 )
	=	-12.208	/	( ( 490.225	+	488.158 )	/ 2 )
	=	-12.208	/	489.1915
	=	-2.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

Newalta (OTCPK:NWLTF) 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.

Newalta ROCE % Related Terms

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Newalta (Newalta) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Newalta Corp (OTCPK:NWLTF) » Definitions » ROCE %

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Address

Website

http://www.newalta.com

Newalta Corp is engaged in providing engineered environmental solutions, which enable customers to reduce disposal, enhance recycling and recover valuable resources from oil and gas exploration and production waste streams. The operating segments of the group are Heavy oil and Oilfield. It generates maximum revenue from the Oilfield segment which includes the processing of oilfield-generated wastes, including treatment, water disposal, clean oil terminalling, landfilling, the sale of recovered crude oil and the supply and operation of drill site processing equipment, including solids control and drill cuttings management; as well as environmental services like environmental projects, drilling waste management services and site remediation. The group operates in Canada and the US.

Newalta (Newalta) Headlines

From GuruFocus

Weekly Canadian Insider Sells Update

By Monica Wolfe Monica Wolfe • 05-22-2013

Newalta Announces Date for First Quarter 2018 Results and Conference Call

By PRNewswire PRNewswire • 05-03-2018

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By PRNewswire PRNewswire • 03-28-2018

Tervita and Newalta Announce Completion of Merger

By PRNewswire PRNewswire • 07-19-2018

Newalta Reports First Quarter 2018 Results

By PRNewswire PRNewswire • 05-09-2018

Newalta and Tervita Announce Court Approval of Plan of Arrangement

By PRNewswire PRNewswire • 06-27-2018

Newalta Securityholders and Tervita Shareholders Vote in Favour of Merger at Respective Annual and Special Meetings

By PRNewswire PRNewswire • 05-01-2018