Owlet (OWLT) ROCE % : -24,803.69% (As of Dec. 2023)

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What is Owlet 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. Owlet's annualized ROCE % for the quarter that ended in Dec. 2023 was -24,803.69%.

Owlet ROCE % Historical Data

The historical data trend for Owlet'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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Owlet ROCE % Chart

Owlet Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-137.42

-250.41

Owlet Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-290,415.09	-1,079.42	-279.24	-437.54	-24,803.69

Owlet ROCE % Calculation

Owlet'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 )
	=	-29.7	/	( ( (58.104 - 66.602)	+	(44.123 - 45.09) )	/ 2 )
	=	-29.7	/	( (-8.498	+	-0.96700000000001)	/ 2 )
	=	-29.7	/	-4.7325
	=	627.58 %

Owlet'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-26.912	/	( ( (42.286 - 41.102)	+	(44.123 - 45.09) )	/ 2 )
	=	-26.912	/	( ( 1.184	+	-0.96700000000001 )	/ 2 )
	=	-26.912	/	0.1085
	=	-24,803.69 %

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

Owlet (NYSE:OWLT) 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.

Owlet ROCE % Related Terms

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Owlet (OWLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Owlet Inc (NYSE:OWLT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3300 North Ashton Boulevard, Suite 300, Lehi, UT, USA, 84043

Website

https://www.owletcare.com

Owlet Inc is engaged in providing a digital parenting platform that aims to give parents real-time data and insights to help parents feel more calm and confident. Its diversified portfolio of products includes Owlet Smart Sock, the first baby monitor to track an infant's oxygen levels, heart rate, and sleep trends; the Owlet Cam, which turns any smartphone into a baby monitor with high-definition clarity; the Owlet Monitor Duo, which offers the intelligence of the Owlet Smart Sock paired with the Owlet Cam; and Owlet Dream Lab, an interactive online program designed to be a parent's guide to building healthy sleep habits for their infants.

Executives

Kathryn R. Scolnick	officer: Chief Financial Officer	3300 N ASHTON BLVD, STE 300, LEHI UT 84043
Kurt Workman	director, officer: Chief Executive Officer	C/O OWLET, INC., 2500 EXECUTIVE PARKWAY, SUITE 500, LEHI UT 84043
Marc F Stoll	director	C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Jonathan Harris	officer: President & CRO	3000 CLEARVIEW WAY, SAN MATEO CA 94402
Melissa Gonzales	director	C/O OWLET, INC., 3300 NORTH ASHTON BOULEVARD, SUITE 300, LEHI UT 84043
Jason Knafel	director	514 HIGH STREET, PALO ALTO CA 94301
Eclipse Early Growth Fund I, L.p.	10 percent owner	514 HIGH STREET, SUITE 4, PALO ALTO CA 94301
Eclipse Early Growth Gp I, Llc	10 percent owner	514 HIGH STREET, SUITE 4, PALO ALTO CA 94301
Trilogy Equity Partners, Llc	10 percent owner	155 108TH AVE NE, SUITE 400, BELLEVUE WA 98004
Michael P. Abbott	director, officer: President	C/O OWLET, INC., 2500 EXECUTIVE PARKWAY, SUITE 500, LEHI UT 84043
Nathaniel Yoo	officer: Chief Accounting Officer	C/O OWLET, INC., 2500 EXECUTIVE PARKWAY, SUITE 500, LEHI UT 84043
Eclipse Continuity Fund I, L.p.	10 percent owner	514 HIGH STREET, SUITE 4, PALO ALTO CA 94301
Zane M Burke	director	C/O LIVONGO HEALTH, INC., 150 WEST EVELYN AVENUE, SUITE 150, MOUNTAIN VIEW CA 94041
John C. Kim	director	C/O OWLET, INC., 2500 EXECUTIVE PARKWAY, SUITE 500, LEHI UT 84043
Amy Nam Mccullough	director	C/O OWLET, INC., 2500 EXECUTIVE PARKWAY, SUITE 500, LEHI UT 84043