Star Peak Energy Transition (Star Peak Energy Transition) ROCE % : -3.23% (As of Dec. 2020)

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What is Star Peak Energy Transition 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. Star Peak Energy Transition's annualized ROCE % for the quarter that ended in Dec. 2020 was -3.23%.

Star Peak Energy Transition ROCE % Historical Data

The historical data trend for Star Peak Energy Transition'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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Star Peak Energy Transition ROCE % Chart

Star Peak Energy Transition Annual Data

Trend

Dec18

Dec19

Dec20

ROCE %

-86.96

-1.83

Star Peak Energy Transition Quarterly Data
	Sep19	Dec19	Jun20	Sep20	Dec20
ROCE %	-	-	-	-0.82	-3.23

Star Peak Energy Transition ROCE % Calculation

Star Peak Energy Transition's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-3.5	/	( ( (0.253 - 0.247)	+	(385.286 - 2.809) )	/ 2 )
	=	-3.5	/	( (0.006	+	382.477)	/ 2 )
	=	-3.5	/	191.2415
	=	-1.83 %

Star Peak Energy Transition's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	-12.42	/	( ( (386.18 - 0.716)	+	(385.286 - 2.809) )	/ 2 )
	=	-12.42	/	( ( 385.464	+	382.477 )	/ 2 )
	=	-12.42	/	383.9705
	=	-3.23 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

Star Peak Energy Transition (NYSE:STPK) 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.

Star Peak Energy Transition ROCE % Related Terms

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