Siyata Mobile (STU:WK30) ROCE %

: -108.44% (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. Siyata Mobile's annualized ROCE % for the quarter that ended in Dec. 2023 was -108.44%.

Siyata Mobile ROCE % Historical Data

The historical data trend for Siyata Mobile'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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Siyata Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-60.06

-66.03

-170.76

-205.03

-119.35

Siyata Mobile Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-15.75	-226.84	-170.08	-57.14	-108.44

Siyata Mobile ROCE % Calculation

Siyata Mobile'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 )
	=	-11.087	/	( ( (15.239 - 5.916)	+	(14.225 - 4.969) )	/ 2 )
	=	-11.087	/	( (9.323	+	9.256)	/ 2 )
	=	-11.087	/	9.2895
	=	-119.35 %

Siyata Mobile'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 )
	=	-11.488	/	( ( (15.177 - 3.246)	+	(14.225 - 4.969) )	/ 2 )
	=	-11.488	/	( ( 11.931	+	9.256 )	/ 2 )
	=	-11.488	/	10.5935
	=	-108.44 %

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

Siyata Mobile (STU:WK30) 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.

Siyata Mobile ROCE % Related Terms

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Siyata Mobile (STU:WK30) Business Description

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SYTA:USA

Address

1001 Lenoir Street, Suite A- 414, Montreal, QC, CAN, H4C2Z6

Website

https://www.siyatamobile.com

Siyata Mobile Inc is engaged in the sale of vehicle mounted, cellular-based communications platforms over advanced 3G (Third generation) mobile networks and cellular booster systems. The Company develops, markets and sells a portfolio of rugged handheld Push-to-Talk over Cellular (PoC) smartphone devices. These rugged business-to-business (B2B) environments are focused on enterprise customers, first responders, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in multiple industries.

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