Northstar Clean Technologies (Northstar Clean Technologies) ROCE % : -35.65% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Northstar Clean Technologies 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. Northstar Clean Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was -35.65%.

Northstar Clean Technologies ROCE % Historical Data

The historical data trend for Northstar Clean Technologies'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.

* Premium members only.

Northstar Clean Technologies ROCE % Chart

Northstar Clean Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-252.29

-101.48

-98.50

-62.98

Northstar Clean Technologies Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-148.84	-148.97	-50.25	-50.47	-35.65

Northstar Clean Technologies ROCE % Calculation

Northstar Clean Technologies'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 )
	=	-4.692	/	( ( (5.027 - 1.402)	+	(13.324 - 2.049) )	/ 2 )
	=	-4.692	/	( (3.625	+	11.275)	/ 2 )
	=	-4.692	/	7.45
	=	-62.98 %

Northstar Clean Technologies's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-3.964	/	( ( (13.324 - 2.049)	+	(13.231 - 2.268) )	/ 2 )
	=	-3.964	/	( ( 11.275	+	10.963 )	/ 2 )
	=	-3.964	/	11.119
	=	-35.65 %

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

Northstar Clean Technologies (OTCPK:ROOOF) 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.

Northstar Clean Technologies ROCE % Related Terms

Thank you for viewing the detailed overview of Northstar Clean Technologies's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Northstar Clean Technologies (Northstar Clean Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Northstar Clean Technologies Inc (OTCPK:ROOOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ROOF:Canada

Address

7046 Brown Street, Delta, BC, CAN, V4G 1G8

Website

https://www.northstarcleantech.com

Northstar Clean Technologies Inc is engaged in the commercialization of proprietary process technology for the recycling of asphalt shingles and the extraction and recovery of asphalt cement, fiberglass/felt and mineral aggregates to be sold and used in asphalt pavement, shingle manufacturing, construction products, and other industrial applications. The Company currently operates in one business segment in Canada, being the repurposing and reprocessing of asphalt shingles.