SATO Technologies (TSXV:SATO) ROCE % : 36.10% (As of Dec. 2023)

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What is SATO 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. SATO Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 36.10%.

SATO Technologies ROCE % Historical Data

The historical data trend for SATO 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.

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SATO Technologies ROCE % Chart

SATO Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

ROCE %

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-3.34

-41.24

-61.16

-159.70

14.01

SATO Technologies Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-58.08	27.29	9.46	-16.85	36.10

SATO Technologies ROCE % Calculation

SATO Technologies'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 )
	=	1.678	/	( ( (15.514 - 6.101)	+	(21.684 - 7.137) )	/ 2 )
	=	1.678	/	( (9.413	+	14.547)	/ 2 )
	=	1.678	/	11.98
	=	14.01 %

SATO 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 )
	=	5.16	/	( ( (21.307 - 7.27)	+	(21.684 - 7.137) )	/ 2 )
	=	5.16	/	( ( 14.037	+	14.547 )	/ 2 )
	=	5.16	/	14.292
	=	36.10 %

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

SATO Technologies (TSXV:SATO) 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.

SATO Technologies ROCE % Related Terms

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SATO Technologies (TSXV:SATO) Business Description

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CCPUF:USA

Address

66 Wellington Street West, Suite 5300, Toronto, ON, CAN, M5K 1E6

Website

https://www.bysato.com

SATO Technologies Corp is engaged in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and others. The Group receives digital assets in return for successful service and is primarily engaged in the cryptocurrency mining industry.