Sparc Technologies (ASX:SPN) ROCE % : -203.68% (As of Dec. 2023)

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What is Sparc 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. Sparc Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -203.68%.

Sparc Technologies ROCE % Historical Data

The historical data trend for Sparc 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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Sparc Technologies ROCE % Chart

Sparc Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-32.88

-23.15

-109.76

-285.72

-136.98

Sparc Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-374.56	-141.17	-101.46	-102.96	-203.68

Sparc Technologies ROCE % Calculation

Sparc 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 )
	=	-5.23	/	( ( (4.477 - 0.541)	+	(4.405 - 0.705) )	/ 2 )
	=	-5.23	/	( (3.936	+	3.7)	/ 2 )
	=	-5.23	/	3.818
	=	-136.98 %

Sparc 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 )
	=	-6.86	/	( ( (4.405 - 0.705)	+	(3.634 - 0.598) )	/ 2 )
	=	-6.86	/	( ( 3.7	+	3.036 )	/ 2 )
	=	-6.86	/	3.368
	=	-203.68 %

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

Sparc Technologies (ASX:SPN) 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.

Sparc Technologies ROCE % Related Terms

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Sparc Technologies (ASX:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sparc Technologies Ltd (ASX:SPN) » Definitions » ROCE %

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N/A

Address

51 Rundle Street, Kent Town, Adelaide, SA, AUS, 5067

Website

https://www.sparctechnologies.com.au

Sparc Technologies Ltd is focused on the development of technology solutions using the properties of graphene. technology and product areas, namely graphene additive materials in coatings and composites, photocatalytic green hydrogen technology, and sustainable hard carbon anodes for use in sodium-ion batteries.

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