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ST Energy Transition I (ST Energy Transition I) ROCE % : -0.57% (As of Mar. 2023)


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What is ST Energy Transition I 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. ST Energy Transition I's annualized ROCE % for the quarter that ended in Mar. 2023 was -0.57%.

ST Energy Transition I ROCE % Historical Data

The historical data trend for ST Energy Transition I'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.

ST Energy Transition I ROCE % Chart

ST Energy Transition I Annual Data
Trend Dec21 Dec22
ROCE %
- -0.50

ST Energy Transition I Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
ROCE % Get a 7-Day Free Trial -0.66 -0.46 -0.49 -0.42 -0.57

ST Energy Transition I ROCE % Calculation

ST Energy Transition I'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 )
=-1.445/( ( (293.74 - 1.967) + (297.058 - 14.162) )/ 2 )
=-1.445/( (291.773+282.896)/ 2 )
=-1.445/287.3345
=-0.50 %

ST Energy Transition I's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2023 )  (Q: Dec. 2022 )(Q: Mar. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2023 )  (Q: Dec. 2022 )(Q: Mar. 2023 )
=-1.6/( ( (297.058 - 14.162) + (299.949 - 17.215) )/ 2 )
=-1.6/( ( 282.896 + 282.734 )/ 2 )
=-1.6/282.815
=-0.57 %

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

* 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.

ST Energy Transition I  (NYSE:STET.U) 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.

ST Energy Transition I ROCE % Related Terms

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ST Energy Transition I (ST Energy Transition I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ST Energy Transition I Ltd (NYSE:STET.U) » Definitions » ROCE %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
14 Par-la-Ville Road, Par-la-Ville Place, 4th Floor, Hamilton, BMU, HM08
Website
https://www.stenergy1.com
ST Energy Transition I Ltd is a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.