Electriq Power Holdings (Electriq Power Holdings) ROCE % : -155.50% (As of Sep. 2023)

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What is Electriq Power Holdings 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. Electriq Power Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -155.50%.

Electriq Power Holdings ROCE % Historical Data

The historical data trend for Electriq Power Holdings'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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Electriq Power Holdings ROCE % Chart

Electriq Power Holdings Annual Data

Trend

Dec21

Dec22

ROCE %

Electriq Power Holdings Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	-	-82.86	-155.50

Electriq Power Holdings ROCE % Calculation

Electriq Power Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-50.277	/	( ( (26.748 - 49.636)	+	(29.655 - 84.642) )	/ 2 )
	=	-50.277	/	( (-22.888	+	-54.987)	/ 2 )
	=	-50.277	/	-38.9375
	=	129.12 %

Electriq Power Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-74.648	/	( ( (85.316 - 13.559)	+	(37.702 - 13.448) )	/ 2 )
	=	-74.648	/	( ( 71.757	+	24.254 )	/ 2 )
	=	-74.648	/	48.0055
	=	-155.50 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Electriq Power Holdings (OTCPK:ELIQQ) 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.

Electriq Power Holdings ROCE % Related Terms

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Electriq Power Holdings (Electriq Power Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Electriq Power Holdings Inc (OTCPK:ELIQQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

625 North Flagler Drive, Suite 1003, West Palm Beach, FL, USA, 33401

Website

https://www.electriqpower.com

Electriq Power Holdings Inc is an energy storage company developing fully integrated energy management and storage solutions for homes and small businesses. The company solutions deliver always-available, low-cost clean energy, even during intermittent outages and inclement weather. Those solutions enable cities, municipalities and utilities to provide their constituents with a path to sustainable and resilient sources of energy, regardless of socio-economic status.

Executives

Petrina Thomson	officer: Chief Financial Officer	625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401
Jan Klube	officer: Chief Technology Officer	625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401
Carol L Coughlin	director	C/O HAMILTON BANCORP, INC., 501 FAIRMOUNT AVENUE, SUITE 200, TOWSON MD 21286
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210
Neha Palmer	director	1021 MAIN ST., SUITE #1960, HOUSTON TX 77002
Gbif Management Ltd.	director, 10 percent owner	2345 YONGE STREET, SUITE 804, TORONTO A6 M4P 2E5
Hoof James Van Jr	officer: See Remarks	625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401
Gideon Soesman	director	625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401
Frank A Magnotti	director, officer: Chief Executive Officer	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Kristina A. Peterson	director	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
John M Lawrie	director, 10 percent owner, officer: See Remarks	DXC TECHNOLOGY COMPANY, 1775 TYSONS BOULEVARD, TYSONS VA 22102
Zainabu Oke	director	8300 GOLF LINKS ROAD, OAKLAND CA 94605
Edward Ho	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Tlg Acquisition Founder Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE 520, WEST PALM BEACH FL 33401
Kristin Muhlner	director	3877 FAIRFAX RIDGE ROAD, SOUTH TOWER, FAIRFAX VA 22030