STEER Technologies (TSXV:STER) ROCE % : -49.19% (As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

What is STEER Technologies 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. STEER Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -49.19%.

STEER Technologies ROCE % Historical Data

The historical data trend for STEER 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.

STEER Technologies ROCE % Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-20.71

-266.85

-123.85

-135.72

-175.81

STEER Technologies 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															-104.86	-303.78	384.22	-32.24	-49.19

STEER Technologies ROCE % Calculation

STEER Technologies'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 )
	=	-31.999	/	( ( (29.533 - 10.602)	+	(32.033 - 14.562) )	/ 2 )
	=	-31.999	/	( (18.931	+	17.471)	/ 2 )
	=	-31.999	/	18.201
	=	-175.81 %

STEER Technologies'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 )
	=	-19.032	/	( ( (52.221 - 10.488)	+	(47.384 - 11.737) )	/ 2 )
	=	-19.032	/	( ( 41.733	+	35.647 )	/ 2 )
	=	-19.032	/	38.69
	=	-49.19 %

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

STEER Technologies (TSXV:STER) 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.

STEER Technologies ROCE % Related Terms

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

STEER Technologies (TSXV:STER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » STEER Technologies Inc (TSXV:STER) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STEEF:USA H1Y:Germany

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.