Clean Teq Water (Clean Teq Water) ROCE % : -4.89% (As of Dec. 2023)

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What is Clean Teq Water 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. Clean Teq Water's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.89%.

Clean Teq Water ROCE % Historical Data

The historical data trend for Clean Teq Water'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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Clean Teq Water ROCE % Chart

Clean Teq Water Annual Data

Trend

Jun22

Jun23

ROCE %

-116.97

-58.11

Clean Teq Water Semi-Annual Data
	Dec20	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-	-50.55	-52.17	-4.89

Clean Teq Water ROCE % Calculation

Clean Teq Water'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 )
	=	-3.67	/	( ( (8.848 - 2.205)	+	(8.407 - 2.418) )	/ 2 )
	=	-3.67	/	( (6.643	+	5.989)	/ 2 )
	=	-3.67	/	6.316
	=	-58.11 %

Clean Teq Water'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 )
	=	-0.326	/	( ( (8.407 - 2.418)	+	(10.331 - 2.979) )	/ 2 )
	=	-0.326	/	( ( 5.989	+	7.352 )	/ 2 )
	=	-0.326	/	6.6705
	=	-4.89 %

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

Clean Teq Water (OTCPK:CNQQF) 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.

Clean Teq Water ROCE % Related Terms

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Clean Teq Water (Clean Teq Water) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Clean Teq Water Ltd (OTCPK:CNQQF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9NK:Germany CNQ:Australia

Address

21 Howleys Road, Unit 12, Notting Hill, VIC, AUS, 3168

Website

https://www.cleanteqwater.com

Clean Teq Water Ltd provides inventive metals recovery and water treatment solutions for governments and companies. Its technology solutions include desalination, nutrient removal, zero liquid discharge and hardness removal. It focuses on sectors such as municipal wastewater, surface water, industrial wastewater and mining process water. The company has offices and laboratories in Melbourne, Perth, Beijing and Tianjin, and partner offices in Africa and Latin America.

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