Sparc AI (XCNQ:SPAI) ROCE % : -810.53% (As of Sep. 2024)

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What is Sparc AI 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. Sparc AI's annualized ROCE % for the quarter that ended in Sep. 2024 was -810.53%.

Sparc AI ROCE % Historical Data

The historical data trend for Sparc AI'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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Sparc AI ROCE % Chart

Sparc AI Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-255.70

-1,941.28

Sparc AI Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-148.15	24,076.52	-380.95	-311.11	-810.53

Sparc AI ROCE % Calculation

Sparc AI'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 )
	=	2.995	/	( ( (0.752 - 1.158)	+	(0.157 - 0.064) )	/ 2 )
	=	2.995	/	( (-0.406	+	0.093)	/ 2 )
	=	2.995	/	-0.1565
	=	-1,913.74 %

Sparc AI's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.308	/	( ( (0.105 - 0.03)	+	(0.079 - 0.078) )	/ 2 )
	=	-0.308	/	( ( 0.075	+	0.001 )	/ 2 )
	=	-0.308	/	0.038
	=	-810.53 %

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

Sparc AI (XCNQ:SPAI) 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.

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Sparc AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sparc AI Inc (XCNQ:SPAI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPAIF:USA 5OV0:Germany

Address

71 Victoria Crescent, Building 17, Abbotsford, VIC, AUS, 3067

Website

https://www.eyefigroup.com

Sparc AI Inc Formerly EYEFI Group Technologies Inc is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices. The company has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. Its Cloud is a next-generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications. It has one segment software and electronics engineering services.