Cielo Waste Solutions (Cielo Waste Solutions) ROCE % : -25.57% (As of Jan. 2024)

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What is Cielo Waste Solutions 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. Cielo Waste Solutions's annualized ROCE % for the quarter that ended in Jan. 2024 was -25.57%.

Cielo Waste Solutions ROCE % Historical Data

The historical data trend for Cielo Waste Solutions'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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Cielo Waste Solutions ROCE % Chart

Cielo Waste Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-40.84

-35.89

-192.90

-38.00

-98.09

Cielo Waste Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-28.58	-75.36	-124.34	-45.03	-25.57

Cielo Waste Solutions ROCE % Calculation

Cielo Waste Solutions's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-25.04	/	( ( (42.391 - 2.355)	+	(21.778 - 10.759) )	/ 2 )
	=	-25.04	/	( (40.036	+	11.019)	/ 2 )
	=	-25.04	/	25.5275
	=	-98.09 %

Cielo Waste Solutions's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-5.58	/	( ( (10.166 - 2.464)	+	(44.422 - 8.481) )	/ 2 )
	=	-5.58	/	( ( 7.702	+	35.941 )	/ 2 )
	=	-5.58	/	21.8215
	=	-25.57 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Cielo Waste Solutions (OTCPK:CWSFF) 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.

Cielo Waste Solutions ROCE % Related Terms

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Cielo Waste Solutions (Cielo Waste Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cielo Waste Solutions Corp (OTCPK:CWSFF) » Definitions » ROCE %

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Traded in Other Exchanges

C36:Germany CMC:Canada

Address

605 5th Avenue, S.W., Suite 1100, Calgary, AB, CAN, T2P 3H5

Website

https://www.cielows.com

Cielo Waste Solutions Corp is a Canada-based company principally engaged in the business of refining municipal and construction waste into high-grade renewable fuels. Its technologies are focused on materials recovery, renewable diesel, and landfill reduction through responsible diversion practices. The business operations of the company are carried out in Canada and the United States.