Forward Water Technologies (TSXV:FWTC) ROCE % : -147.49% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Forward Water Technologies 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. Forward Water Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -147.49%.

Forward Water Technologies ROCE % Historical Data

The historical data trend for Forward Water Technologies'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.

Forward Water Technologies ROCE % Chart

Forward Water Technologies Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-331.73

-81.53

Forward Water Technologies Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-72.25	-139.48	-201.71	-195.32	-147.49

Forward Water Technologies ROCE % Calculation

Forward Water Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-2.26	/	( ( (4.557 - 0.464)	+	(2.134 - 0.683) )	/ 2 )
	=	-2.26	/	( (4.093	+	1.451)	/ 2 )
	=	-2.26	/	2.772
	=	-81.53 %

Forward Water Technologies'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	/	( ( (1.401 - 0.836)	+	(1.825 - 1.034) )	/ 2 )
	=	-1	/	( ( 0.565	+	0.791 )	/ 2 )
	=	-1	/	0.678
	=	-147.49 %

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

Forward Water Technologies (TSXV:FWTC) 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.

Forward Water Technologies ROCE % Related Terms

Thank you for viewing the detailed overview of Forward Water Technologies's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Forward Water Technologies (TSXV:FWTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Forward Water Technologies Corp (TSXV:FWTC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1086 Modeland Road, Sarnia, ON, CAN, N7S 6L2

Website

https://www.forwardwater.com

Forward Water Technologies Corp is dedicated towards the commercialization of its proprietary forward osmosis technology. The technology allows manufacturing operations to clean wastewater that would otherwise require costly disposal. The technology also enables the reclamation of up to 90% of the waste as clean water and the return of this valuable resource to the environment. Alternatively, clean water can be reused by manufacturing operations to reduce overall water consumption and environmental footprint.

Forward Water Technologies (TSXV:FWTC) Headlines

No Headlines