Globalstar (Globalstar) ROCE %

: -6.33% (As of Dec. 2023)

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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. Globalstar's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.33%.

Globalstar ROCE % Historical Data

The historical data trend for Globalstar'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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Globalstar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-7.04

-7.01

-8.55

-8.42

0.03

Globalstar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-6.53	4.70	1.56	1.19	-6.33

Globalstar ROCE % Calculation

Globalstar'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 )
	=	0.198	/	( ( (738.469 - 197.076)	+	(924.309 - 175.908) )	/ 2 )
	=	0.198	/	( (541.393	+	748.401)	/ 2 )
	=	0.198	/	644.897
	=	0.03 %

Globalstar'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 )
	=	-46.66	/	( ( (910.612 - 184.656)	+	(924.309 - 175.908) )	/ 2 )
	=	-46.66	/	( ( 725.956	+	748.401 )	/ 2 )
	=	-46.66	/	737.1785
	=	-6.33 %

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

Globalstar (AMEX:GSAT) 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.

Globalstar ROCE % Related Terms

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Globalstar (Globalstar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Globalstar Inc (AMEX:GSAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

P8S:Germany

Address

1351 Holiday Square Boulevard, Covington, LA, USA, 70433

Website

https://www.globalstar.com

Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. The company generates the vast majority of its revenue within the United States.

Executives

James F Lynch	director	461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Ponder L Barbee Iv	officer: General Counsel	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Rebecca Clary	officer: VP & Chief Financial Officer	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
James Iii Monroe	director, 10 percent owner, officer: Chief Executive Officer	461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Paul E Jacobs	director, officer: Chief Executive Officer
Timothy Evan Taylor	director	1518 FIRST STREET, NEW ORLEANS LA 70130
Benjamin G Wolff	director	2300 CARILLON POINT, KIRKLAND WA 98033
David B. Kagan	officer: President & COO	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Keith O Cowan	director	2999 CIRCLE 75 PKWY, ATLANTA GA 30339
Michael J Lovett	director
Kenneth M Young	director	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
John Kneuer	director	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Anthony J Navarra	officer: Pres., Global Operations	461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Bell Frank John Ii	officer: Pres. Global Sales & Mkting.	8144 WALNUT HILL LANE, SUITE 800, DALLAS TX 75231
Joseph F Barnett	officer: VP & Chief Accounting Officer	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433