Saltbae Capital (Saltbae Capital) ROCE % : -60.80% (As of Mar. 2019)

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What is Saltbae Capital 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. Saltbae Capital's annualized ROCE % for the quarter that ended in Mar. 2019 was -60.80%.

Saltbae Capital ROCE % Historical Data

The historical data trend for Saltbae Capital'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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Saltbae Capital ROCE % Chart

Saltbae Capital Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

ROCE %

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-5.74

-112.70

-23.85

-59.11

-80.66

Saltbae Capital Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
ROCE %	Get a 7-Day Free Trial															-30.89	-169.43	-48.24	-40.49	-60.80

Saltbae Capital ROCE % Calculation

Saltbae Capital's annualized ROCE % for the fiscal year that ended in Sep. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2017 )		(A: Sep. 2016 )		(A: Sep. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2017 )		(A: Sep. 2016 )		(A: Sep. 2017 )
	=	-0.907	/	( ( (0.732 - 0.201)	+	(1.799 - 0.081) )	/ 2 )
	=	-0.907	/	( (0.531	+	1.718)	/ 2 )
	=	-0.907	/	1.1245
	=	-80.66 %

Saltbae Capital's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	-10.672	/	( ( (20.934 - 3.157)	+	(20.306 - 2.977) )	/ 2 )
	=	-10.672	/	( ( 17.777	+	17.329 )	/ 2 )
	=	-10.672	/	17.553
	=	-60.80 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

Saltbae Capital (OTCPK:CECBF) 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.

Saltbae Capital ROCE % Related Terms

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Saltbae Capital (Saltbae Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Saltbae Capital Corp (OTCPK:CECBF) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

100 King Street West, Suite 5700, First Canadian Place, Toronto, ON, CAN, M5X 1C7

Website

https://www.cellcubeenergystorage.com

Saltbae Capital Corp formerly CellCube Energy Storage Systems Inc is a Canadian company which acts as an integrated producer of vanadium and vanadium electrolytes for the energy storage industry. The principal activity is the exploration of its mineral properties in Canada and the United States. The company owns an interest in Bisoni-Mckay Property and Bisoni-Rio Property.