ClearVue Technologies (ASX:CPV) ROCE % : -176.44% (As of Dec. 2023)

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What is ClearVue 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. ClearVue Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -176.44%.

ClearVue Technologies ROCE % Historical Data

The historical data trend for ClearVue 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.

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ClearVue Technologies ROCE % Chart

ClearVue Technologies Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-90.44

-63.28

-59.39

-20.84

-54.64

ClearVue Technologies Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							-19.65	-21.91	-46.02	-63.36	-176.44

ClearVue Technologies ROCE % Calculation

ClearVue Technologies's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-7.484	/	( ( (17.564 - 0.969)	+	(12.203 - 1.405) )	/ 2 )
	=	-7.484	/	( (16.595	+	10.798)	/ 2 )
	=	-7.484	/	13.6965
	=	-54.64 %

ClearVue Technologies'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-15.676	/	( ( (12.203 - 1.405)	+	(8.368 - 1.397) )	/ 2 )
	=	-15.676	/	( ( 10.798	+	6.971 )	/ 2 )
	=	-15.676	/	8.8845
	=	-176.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

ClearVue Technologies (ASX:CPV) 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.

ClearVue Technologies ROCE % Related Terms

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ClearVue Technologies (ASX:CPV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ClearVue Technologies Ltd (ASX:CPV) » Definitions » ROCE %

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CVUEF:USA CKJ:Germany

Address

567 Newcastle Street, suite 9, West Perth, Perth, WA, AUS, 6005

Website

https://www.clearvuepv.com

ClearVue Technologies Ltd operates in the Building Integrated Photovoltaic (BIPV) sector which involves the integration of solar technology into glass and building surfaces. It has developed glass technology that preserves glass transparency to maintain building aesthetics whilst generating electricity from windows to provide renewable energy. Geographically, it operates and derives revenue from Australia. Its products include Clearvuepv, Smartvuepv, and Artpv.

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