Cleantek Industries (TSXV:CTEK) ROCE % : 37.12% (As of Mar. 2024)

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What is Cleantek Industries 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. Cleantek Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 37.12%.

Cleantek Industries ROCE % Historical Data

The historical data trend for Cleantek Industries'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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Cleantek Industries ROCE % Chart

Cleantek Industries Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-161.26

-28.21

-0.76

Cleantek Industries Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										55.90	-28.84	65.41	-59.43	37.12

Cleantek Industries ROCE % Calculation

Cleantek Industries'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 )
	=	-0.048	/	( ( (15.917 - 12.122)	+	(15.263 - 6.346) )	/ 2 )
	=	-0.048	/	( (3.795	+	8.917)	/ 2 )
	=	-0.048	/	6.356
	=	-0.76 %

Cleantek Industries'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 )
	=	3.252	/	( ( (15.263 - 6.346)	+	(14.379 - 5.776) )	/ 2 )
	=	3.252	/	( ( 8.917	+	8.603 )	/ 2 )
	=	3.252	/	8.76
	=	37.12 %

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

Cleantek Industries (TSXV:CTEK) 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.

Cleantek Industries ROCE % Related Terms

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Cleantek Industries (TSXV:CTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cleantek Industries Inc (TSXV:CTEK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GLKFF:USA

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6

Website

https://www.cleantekinc.com

Cleantek Industries Inc is engaged in the manufacturing and rental of equipment to the oil and gas and construction industries in Western Canada and the United States. Its products include ZeroE, Halo, DZeroE, and SolarHybrid.Li, SolarHybrid, and Stadium Lighting among others. The company's revenue is generated primarily from the rental and service of dehydration units, lighting towers, and lighting systems based on fixed or agreed-upon service contracts with the customer.

Executives

Pillarfour Capital Partners Inc.

10% Security Holder