SKKY (Skkynet Cloud Systems) ROCE % : 64.19% (As of Jul. 2024)

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What is Skkynet Cloud Systems 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. Skkynet Cloud Systems's annualized ROCE % for the quarter that ended in Jul. 2024 was 64.19%.

Skkynet Cloud Systems ROCE % Historical Data

The historical data trend for Skkynet Cloud Systems'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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Skkynet Cloud Systems ROCE % Chart

Skkynet Cloud Systems Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-90.13

-71.34

-30.59

-10.08

-16.79

Skkynet Cloud Systems Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															48.00	41.85	20.60	-117.44	64.19

Skkynet Cloud Systems ROCE % Calculation

Skkynet Cloud Systems's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.118	/	( ( (1.145 - 0.455)	+	(1.257 - 0.541) )	/ 2 )
	=	-0.118	/	( (0.69	+	0.716)	/ 2 )
	=	-0.118	/	0.703
	=	-16.79 %

Skkynet Cloud Systems's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	0.44	/	( ( (1.327 - 0.711)	+	(1.371 - 0.616) )	/ 2 )
	=	0.44	/	( ( 0.616	+	0.755 )	/ 2 )
	=	0.44	/	0.6855
	=	64.19 %

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

Skkynet Cloud Systems (OTCPK:SKKY) 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.

Skkynet Cloud Systems ROCE % Related Terms

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Skkynet Cloud Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Skkynet Cloud Systems Inc (OTCPK:SKKY) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

2233 Argentina Road, Suite 302, Mississauga, ON, CAN, L5N 2X7

Website

https://www.skkynet.com

Skkynet Cloud Systems Inc is an industrial middleware vendor company. It provides connectivity and data acquisition to a wide variety of industrial and office hardware and software products. The company's Skkynet Connected Systems platform includes the DataHub and Embedded Toolkit software. The company provides three types of cloud services: remotely hosted cloud systems and locally hosted cloud systems or a hybrid of the two. The business serves North America, Europe, Asia Pacific, South America and other regions.

Executives

Andrew S Thomas	director, 10 percent owner, officer: Chief Executive Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Paul Benford	director, 10 percent owner, officer: Chief Operating Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Lowell Thomas Holden	officer: Chief Financial Officer	631 US HWY 1, SUITE 407, NORTH PALM BEACH FL 33408
Paul E Thomas	director, 10 percent owner, officer: President	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Xavier Eric Mesrobian	officer: VP Sales and Marketing	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
John X Adiletta	director	51 BOULDERWOOD DRIVE, BERNARDSVILLE NJ 07924
Kenneth W. Jennings	director	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Norman Evans	director	5650 TOMKEN RD., UNIT 16, MISSISSAUGA A6 L4W 4P1
Michael R Thomas	other: Advisor	2233 ARGENTIA ROAD, SUITE 306, MISSISSAUGA A6 L5N 2X7