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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. Stem's annualized ROCE % for the quarter that ended in Mar. 2024 was -25.05%.
The historical data trend for Stem'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.
Stem Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | - | -882.38 | -14.98 | -11.40 | -11.06 |
Stem Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | -15.17 | 8.13 | -25.01 | -11.71 | -25.05 |
Stem'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 ) | |||||
= | -125.003 | / | ( ( (1421.893 - 266.998) | + | (1356.977 - 251.08) ) | / 2 ) | |
= | -125.003 | / | ( (1154.895 | + | 1105.897) | / 2 ) | |
= | -125.003 | / | 1130.396 | ||||
= | -11.06 % |
Stem's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -269.788 | / | ( ( (1356.977 - 251.08) | + | (1284.895 - 236.618) ) | / 2 ) | |
= | -269.788 | / | ( ( 1105.897 | + | 1048.277 ) | / 2 ) | |
= | -269.788 | / | 1077.087 | ||||
= | -25.05 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Stem (NYSE:STEM) 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.
Thank you for viewing the detailed overview of Stem's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rahul Shukla | officer: Chief Accounting Officer | 100 CALIFORNIA STREET, SAN FRANCISCO CA 94111 |
Michael James Carlson | officer: Chief Operating Officer | 100 CALIFORNIA STREET, SAN FRANCISCO CA 94111 |
David S Buzby | director | |
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Adam Daley | director | C/O MAGNETAR CAPITAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201 |
Anil Tammineedi | director | 100 ROLLINS RD, MILLBRAE CA 94030 |
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