SoLVBL Solutions (SoLVBL Solutions) ROCE % : 0.00% (As of Jun. 2023)

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What is SoLVBL 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. SoLVBL Solutions's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

SoLVBL Solutions ROCE % Historical Data

The historical data trend for SoLVBL 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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SoLVBL Solutions ROCE % Chart

SoLVBL Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-225.61

-379.70

SoLVBL Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial													-157.89	-173.77	-	-	-

SoLVBL Solutions ROCE % Calculation

SoLVBL 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 )
	=	-1.87	/	( ( (1.763 - 0.204)	+	(0.345 - 0.919) )	/ 2 )
	=	-1.87	/	( (1.559	+	-0.574)	/ 2 )
	=	-1.87	/	0.4925
	=	-379.70 %

SoLVBL Solutions's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-2.78	/	( ( (0.251 - 1.397)	+	(0.127 - 2.001) )	/ 2 )
	=	-2.78	/	( ( -1.146	+	-1.874 )	/ 2 )
	=	-2.78	/	-1.51
	=	0 %

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

SoLVBL Solutions (OTCPK:SOLBF) 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.

SoLVBL Solutions ROCE % Related Terms

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SoLVBL Solutions (SoLVBL Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SoLVBL Solutions Inc (OTCPK:SOLBF) » Definitions » ROCE %

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Traded in Other Exchanges

SOLV:Canada

Address

100 King Street West, First Canadian Place, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.solvbl.com

SoLVBL Solutions Inc is a solution engineering company specializing in applications that address critical data integrity problems. Its products and services include a Supply-chain ecosystem, which enables a single entity to monitor, measure, and manage its inventory and supply management; and a Tracking system that provides a level of security by registering tracker profiles on the ledger using a 256-bit hash. It generates revenue through the sale of services for Blockchain software products.

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