Eddy Smart Home Solutions (TSXV:EDY) ROCE % : 0.00% (As of Mar. 2024)

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What is Eddy Smart Home Solutions 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. Eddy Smart Home Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Eddy Smart Home Solutions ROCE % Historical Data

The historical data trend for Eddy Smart Home Solutions'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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Eddy Smart Home Solutions ROCE % Chart

Eddy Smart Home Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-86.50

-307.24

-382.52

Eddy Smart Home Solutions Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-123.10	-157.64	-213.12	-18,012.90	-

Eddy Smart Home Solutions ROCE % Calculation

Eddy Smart Home Solutions'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 )
	=	-9.806	/	( ( (15.611 - 8.456)	+	(11.336 - 13.364) )	/ 2 )
	=	-9.806	/	( (7.155	+	-2.028)	/ 2 )
	=	-9.806	/	2.5635
	=	-382.52 %

Eddy Smart Home Solutions'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 )
	=	-1.112	/	( ( (11.336 - 13.364)	+	(11.23 - 12.8) )	/ 2 )
	=	-1.112	/	( ( -2.028	+	-1.57 )	/ 2 )
	=	-1.112	/	-1.799
	=	0 %

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

Eddy Smart Home Solutions (TSXV:EDY) 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.

Eddy Smart Home Solutions ROCE % Related Terms

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Eddy Smart Home Solutions (TSXV:EDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eddy Smart Home Solutions Ltd (TSXV:EDY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ESHSF:USA

Address

5255 Yonge Street, Suite 900, Toronto, ON, CAN, M2N 6P4

Website

https://www.eddysolutions.com

Eddy Smart Home Solutions Ltd is a provider and developer of residential and commercial smart water metering products and monitoring services. It helps property owners to protect, control, and conserve water usage by combining water-sensing devices with behavioral learning software. The Company operates in three operating segments, which are based on the Company's organizational structure and how the information is reported internally on a regular basis. geographically the majority of revenues come from Canada.

Executives

Cory Silver

Senior Officer

Eddy Smart Home Solutions (TSXV:EDY) Headlines

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