EnWave (TSXV:ENW) ROCE % : -34.16% (As of Dec. 2024)

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What is EnWave 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. EnWave's annualized ROCE % for the quarter that ended in Dec. 2024 was -34.16%.

EnWave ROCE % Historical Data

The historical data trend for EnWave'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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EnWave ROCE % Chart

EnWave Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-22.07

-15.40

-11.67

-9.14

-19.26

EnWave Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-37.52	-56.25	-7.68	24.53	-34.16

EnWave ROCE % Calculation

EnWave's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-2.21	/	( ( (16.031 - 3.496)	+	(13.147 - 2.728) )	/ 2 )
	=	-2.21	/	( (12.535	+	10.419)	/ 2 )
	=	-2.21	/	11.477
	=	-19.26 %

EnWave's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-3.464	/	( ( (13.147 - 2.728)	+	(12.242 - 2.381) )	/ 2 )
	=	-3.464	/	( ( 10.419	+	9.861 )	/ 2 )
	=	-3.464	/	10.14
	=	-34.16 %

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

EnWave (TSXV:ENW) 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.

EnWave ROCE % Related Terms

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EnWave Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EnWave Corp (TSXV:ENW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NWVCF:USA E4U:Germany

Address

1668 Derwent Way, Unit 1, Delta, BC, CAN, V3M 6R9

Website

https://www.enwave.net

EnWave Corp is engaged in licensing its intellectual property through royalty-bearing agreements and designing, building, marketing, and selling vacuum-microwave dehydration machinery for the food, cannabis, and biomaterial dehydration industries. Through its subsidiaries, it offers REV drying technology, to food and cannabis companies who are looking for a reliable, scalable solution to their drying and processing challenges.

Executives

Dylan Murray	Senior Officer
Brent Gilbert Charleton	Director, Senior Officer
Pablo Cussatti	Director
Stephen R. Sanford	Director
Daniel Stephen Henriques	Senior Officer
Stewart John Ritchie	Director
John Philip Adrian Budreski	Director

EnWave Headlines

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