CleanSpace Holdings (ASX:CSX) ROCE % : -6.88% (As of Dec. 2024)

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What is CleanSpace Holdings 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. CleanSpace Holdings's annualized ROCE % for the quarter that ended in Dec. 2024 was -6.88%.

CleanSpace Holdings ROCE % Historical Data

The historical data trend for CleanSpace Holdings'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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CleanSpace Holdings ROCE % Chart

CleanSpace Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

37.88

-40.79

-40.93

-18.78

CleanSpace Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial				-48.25	-35.83	-23.65	-13.95	-6.88

CleanSpace Holdings ROCE % Calculation

CleanSpace Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-4.504	/	( ( (28.975 - 3.299)	+	(26.052 - 3.764) )	/ 2 )
	=	-4.504	/	( (25.676	+	22.288)	/ 2 )
	=	-4.504	/	23.982
	=	-18.78 %

CleanSpace Holdings's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-1.524	/	( ( (26.052 - 3.764)	+	(25.144 - 3.104) )	/ 2 )
	=	-1.524	/	( ( 22.288	+	22.04 )	/ 2 )
	=	-1.524	/	22.164
	=	-6.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

CleanSpace Holdings (ASX:CSX) 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.

CleanSpace Holdings ROCE % Related Terms

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CleanSpace Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CleanSpace Holdings Ltd (ASX:CSX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5/39 Herbert Street, Saint Leonards, NSW, AUS, 2065

Website

https://www.cleanspacetechnology.com

CleanSpace Holdings Ltd manufactures and sells respirators and related products and services. Its products include Compare, CleanSpace HALO, CleanSpace ULTRA, Masks, Filters, and Compatible Products. The company's operating segment is based on regions that include, Europe, Asia, and North America, and the majority of its revenue is generated from Europe.