Wavefront Technology Solutions (Wavefront Technology Solutions) ROCE % : -149.73% (As of May. 2022)

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What is Wavefront Technology Solutions 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. Wavefront Technology Solutions's annualized ROCE % for the quarter that ended in May. 2022 was -149.73%.

Wavefront Technology Solutions ROCE % Historical Data

The historical data trend for Wavefront Technology Solutions'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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Wavefront Technology Solutions ROCE % Chart

Wavefront Technology Solutions Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

ROCE %

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-64.37

-44.66

-12.06

-21.71

-63.22

Wavefront Technology Solutions Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
ROCE %	Get a 7-Day Free Trial															-64.82	-51.83	-123.31	-96.99	-149.73

Wavefront Technology Solutions ROCE % Calculation

Wavefront Technology Solutions's annualized ROCE % for the fiscal year that ended in Aug. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2021 )		(A: Aug. 2020 )		(A: Aug. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2021 )		(A: Aug. 2020 )		(A: Aug. 2021 )
	=	-1.076	/	( ( (2.548 - 0.536)	+	(1.921 - 0.529) )	/ 2 )
	=	-1.076	/	( (2.012	+	1.392)	/ 2 )
	=	-1.076	/	1.702
	=	-63.22 %

Wavefront Technology Solutions's ROCE % of for the quarter that ended in May. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2022 )		(Q: Feb. 2022 )		(Q: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2022 )		(Q: Feb. 2022 )		(Q: May. 2022 )
	=	-1.54	/	( ( (2.086 - 0.865)	+	(1.69 - 0.854) )	/ 2 )
	=	-1.54	/	( ( 1.221	+	0.836 )	/ 2 )
	=	-1.54	/	1.0285
	=	-149.73 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2022) EBIT data.

Wavefront Technology Solutions (OTCPK:WFTSF) 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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Wavefront Technology Solutions (Wavefront Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wavefront Technology Solutions Inc (OTCPK:WFTSF) » Definitions » ROCE %

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Address

70 Street North West, Suite 5621, Edmonton, AB, CAN, T6B 3P6

Website

https://www.onthewavefront.com

Wavefront Technology Solutions Inc is a technology company providing solutions to oil and gas exploration and production companies to maximize oil and gas production. It has two processes namely the Powerwave process which is an injection technology that improves the flow of fluids in geological materials including sedimentary soils and fractured rock, and Primawave process which is an effective method for aiding in-situ (in-ground) environmental groundwater remediation clean-up strategies in contaminated sites. Geographically it earns key revenue from the Middle East.