GWH.WS (ESS Tech) ROCE % : -126.52% (As of Sep. 2024)

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What is ESS Tech 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. ESS Tech's annualized ROCE % for the quarter that ended in Sep. 2024 was -126.52%.

ESS Tech ROCE % Historical Data

The historical data trend for ESS Tech'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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ESS Tech ROCE % Chart

ESS Tech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-4,815.10

-400.69

-55.21

-63.86

ESS Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-59.20	-57.88	-68.64	-97.95	-126.52

ESS Tech ROCE % Calculation

ESS Tech's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-85.905	/	( ( (173.553 - 27.993)	+	(143.232 - 19.766) )	/ 2 )
	=	-85.905	/	( (145.56	+	123.466)	/ 2 )
	=	-85.905	/	134.513
	=	-63.86 %

ESS Tech's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-94.728	/	( ( (111.133 - 26.003)	+	(96.697 - 32.078) )	/ 2 )
	=	-94.728	/	( ( 85.13	+	64.619 )	/ 2 )
	=	-94.728	/	74.8745
	=	-126.52 %

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

ESS Tech (NYSE:GWH.WS) 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.

ESS Tech ROCE % Related Terms

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ESS Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ESS Tech Inc (NYSE:GWH.WS) » Definitions » ROCE %

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Traded in Other Exchanges

GWH:USA

Address

26440 SW Parkway Avenue, Building 83, Wilsonville, OR, USA, 97070

Website

https://www.essinc.com

ESS Tech Inc is a long-duration energy storage company specializing in iron flow battery technology. The company design and produce long-duration batteries predominantly using earth-abundant materials.