Clearford Water Systems (Clearford Water Systems) ROCE % : -112.05% (As of Sep. 2021)

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What is Clearford Water Systems 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. Clearford Water Systems's annualized ROCE % for the quarter that ended in Sep. 2021 was -112.05%.

Clearford Water Systems ROCE % Historical Data

The historical data trend for Clearford Water Systems'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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Clearford Water Systems ROCE % Chart

Clearford Water Systems Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-91.71

-87.45

-102.35

-55.90

Clearford Water Systems Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
ROCE %	Get a 7-Day Free Trial															65.93	-2.13	-126.00	14.17	-112.05

Clearford Water Systems ROCE % Calculation

Clearford Water Systems's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-2.237	/	( ( (13.394 - 7.836)	+	(13.985 - 11.54) )	/ 2 )
	=	-2.237	/	( (5.558	+	2.445)	/ 2 )
	=	-2.237	/	4.0015
	=	-55.90 %

Clearford Water Systems's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	-5.344	/	( ( (13.991 - 9.916)	+	(15.672 - 10.208) )	/ 2 )
	=	-5.344	/	( ( 4.075	+	5.464 )	/ 2 )
	=	-5.344	/	4.7695
	=	-112.05 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

Clearford Water Systems (OTCPK:CLIRF) 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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Clearford Water Systems (Clearford Water Systems) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Clearford Water Systems Inc (OTCPK:CLIRF) » Definitions » ROCE %

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Address

515 Legget Drive, Suite 100, Ottawa, ON, CAN, K2K 3G4

Website

https://www.clearford.com

Clearford Water Systems Inc provides unified water infrastructure solutions. The company is the developer of the Clearford One system, which is a combination of the company's ClearDigest Smart Digester, Small Bore Sewer (SBS) technology, a watertight small diameter wastewater collection system, SBS ClearConvey, and ClearRecover, a wastewater treatment facility-based on the processed influent. It operates through two segments namely Clearford One and UV Pure. The company generates revenue through a sale in various countries such as Canada, the United States of America, India, South America, and other countries. It derives maximum revenue from the Clearford One segment.

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