Spark Power Group (TSX:SPG) ROCE % : -18.60% (As of Sep. 2023)

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What is Spark Power Group 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. Spark Power Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -18.60%.

Spark Power Group ROCE % Historical Data

The historical data trend for Spark Power Group'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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Spark Power Group ROCE % Chart

Spark Power Group Annual Data

Trend

Mar18

Dec19

Dec20

Dec21

Dec22

ROCE %

6.70

5.71

-46.34

-9.34

Spark Power Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															19.44	-26.85	-0.20	0.56	-18.60

Spark Power Group ROCE % Calculation

Spark Power Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-7.708	/	( ( (210.885 - 172.256)	+	(218.776 - 92.281) )	/ 2 )
	=	-7.708	/	( (38.629	+	126.495)	/ 2 )
	=	-7.708	/	82.562
	=	-9.34 %

Spark Power Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-18.828	/	( ( (213.345 - 94.371)	+	(202.117 - 118.593) )	/ 2 )
	=	-18.828	/	( ( 118.974	+	83.524 )	/ 2 )
	=	-18.828	/	101.249
	=	-18.60 %

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

Spark Power Group (TSX:SPG) 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.

Spark Power Group ROCE % Related Terms

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Spark Power Group (TSX:SPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Spark Power Group Inc (TSX:SPG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1337 North Service Road East, Suite 200, Oakville, ON, CAN, L6H 1A7

Website

https://www.sparkpowercorp.com

Spark Power Group Inc provides electrical power services and solutions to North American industrial, commercial, institutional, renewable, and agricultural customers, as well as utility markets including municipalities, universities, schools, and hospitals. Its segments are Technical Services, Renewables, and Corporate. Prime revenue is earned from the Technical services segment which includes the New Electric, Spark High Voltage, Orbis, Lizco and 3-Phase CGUs. It has a business presence in the U.S and Canada.