Sixth Wave Innovations (Sixth Wave Innovations) ROCE % : 0.00% (As of May. 2023)

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What is Sixth Wave Innovations 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. Sixth Wave Innovations's annualized ROCE % for the quarter that ended in May. 2023 was 0.00%.

Sixth Wave Innovations ROCE % Historical Data

The historical data trend for Sixth Wave Innovations'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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Sixth Wave Innovations ROCE % Chart

Sixth Wave Innovations Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

ROCE %

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-125.35

-367.93

-400.23

-251.70

-561.61

Sixth Wave Innovations Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
ROCE %	Get a 7-Day Free Trial															-92.73	-9,661.22	-	-	-

Sixth Wave Innovations ROCE % Calculation

Sixth Wave Innovations's annualized ROCE % for the fiscal year that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	-6.422	/	( ( (4.048 - 0.491)	+	(1.586 - 2.856) )	/ 2 )
	=	-6.422	/	( (3.557	+	-1.27)	/ 2 )
	=	-6.422	/	1.1435
	=	-561.61 %

Sixth Wave Innovations's ROCE % of for the quarter that ended in May. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2023 )		(Q: Feb. 2023 )		(Q: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2023 )		(Q: Feb. 2023 )		(Q: May. 2023 )
	=	-2.06	/	( ( (1.019 - 4.398)	+	(0.912 - 4.902) )	/ 2 )
	=	-2.06	/	( ( -3.379	+	-3.99 )	/ 2 )
	=	-2.06	/	-3.6845
	=	0 %

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

Sixth Wave Innovations (OTCPK:SIXWF) 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.

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Sixth Wave Innovations (Sixth Wave Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sixth Wave Innovations Inc (OTCPK:SIXWF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AHU:Germany SIXW:Canada

Address

210 Waterfront Drive Bedford, Suite 110, Nova Scotia, BC, CAN, B4A 0H3

Website

https://www.sixthwave.com

Sixth Wave Innovations Inc is a nanotechnology company that uses patented Molecularly Imprinted Polymers (MIPs) for imprinting, capturing, and releasing substances at the molecular level. Its current products are in the process of commercialization in gold mining, cannabis production and health and security with rapid virus detection.

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