Sobrfe (STU:Z6S0) ROCE % : -317.66% (As of Mar. 2024)

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What is Sobrfe 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. Sobrfe's annualized ROCE % for the quarter that ended in Mar. 2024 was -317.66%.

Sobrfe ROCE % Historical Data

The historical data trend for Sobrfe'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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Sobrfe ROCE % Chart

Sobrfe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-365.37

-191.30

-134.61

Sobrfe Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-99.44	-117.22	-110.50	-165.53	-317.66

Sobrfe ROCE % Calculation

Sobrfe'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 )
	=	-8.629	/	( ( (11.245 - 2.664)	+	(5.637 - 1.397) )	/ 2 )
	=	-8.629	/	( (8.581	+	4.24)	/ 2 )
	=	-8.629	/	6.4105
	=	-134.61 %

Sobrfe'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 )
	=	-8.364	/	( ( (5.637 - 1.397)	+	(4.154 - 3.128) )	/ 2 )
	=	-8.364	/	( ( 4.24	+	1.026 )	/ 2 )
	=	-8.364	/	2.633
	=	-317.66 %

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

Sobrfe (STU:Z6S0) 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.

Sobrfe ROCE % Related Terms

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Sobrfe (STU:Z6S0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sobr Safe Inc (STU:Z6S0) » Definitions » ROCE %

Comparable Companies

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SOBR:USA

Address

6400 South Fiddlers Green Circle, Suite 525, Greenwood Village, CO, USA, 80111

Website

https://www.sobrsafe.com

Sobr Safe Inc is engaged in developing alcohol-detecting devices to address the automotive alcohol sensing spectrum. The company has developed an alcohol detection device called SOBR. This device is patented and is used for detecting alcohol in a human system by testing the ethanol content in the perspiration. The company generates revenue through various combinations of software products and services which include the sale of cloud-based software solutions, detection and data collection hardware devices, and cloud-based data reporting and analysis services.

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