Kelso Technologies (Kelso Technologies) ROCE %

: -1.86% (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

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. Kelso Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.86%.

Kelso Technologies ROCE % Historical Data

The historical data trend for Kelso 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.

Kelso Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

34.85

-8.58

-26.59

-9.97

-13.61

Kelso Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-18.31	-13.18	-37.35	-2.69	-1.86

Kelso Technologies ROCE % Calculation

Kelso 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 )
	=	-1.329	/	( ( (12.147 - 1.331)	+	(9.703 - 0.983) )	/ 2 )
	=	-1.329	/	( (10.816	+	8.72)	/ 2 )
	=	-1.329	/	9.768
	=	-13.61 %

Kelso 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 )
	=	-0.164	/	( ( (10.042 - 1.135)	+	(9.703 - 0.983) )	/ 2 )
	=	-0.164	/	( ( 8.907	+	8.72 )	/ 2 )
	=	-0.164	/	8.8135
	=	-1.86 %

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

Kelso Technologies (OTCPK:KIQSF) 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.

Kelso Technologies ROCE % Related Terms

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

Kelso Technologies (Kelso Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (OTCPK:KIQSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LB4A:Germany KLS:Canada

Address

13966, 18B Avenue, Surrey, BC, CAN, V4A 8J1

Website

https://www.kelsotech.com

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.

Kelso Technologies (Kelso Technologies) Headlines

From GuruFocus

Kelso Technologies Stock Gives Every Indication Of Being Significantly Overvalued

By GF Value GF Value • 04-13-2021