Delta CleanTech (Delta CleanTech) ROCE % : -55.18% (As of Sep. 2023)

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What is Delta CleanTech 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. Delta CleanTech's annualized ROCE % for the quarter that ended in Sep. 2023 was -55.18%.

Delta CleanTech ROCE % Historical Data

The historical data trend for Delta CleanTech'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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Delta CleanTech ROCE % Chart

Delta CleanTech Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-59.46

-44.69

Delta CleanTech Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-25.41	-44.91	-17.55	-103.83	-55.18

Delta CleanTech ROCE % Calculation

Delta CleanTech's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-2.06	/	( ( (5.885 - 0.293)	+	(3.986 - 0.358) )	/ 2 )
	=	-2.06	/	( (5.592	+	3.628)	/ 2 )
	=	-2.06	/	4.61
	=	-44.69 %

Delta CleanTech's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.512	/	( ( (3.266 - 0.463)	+	(2.917 - 0.24) )	/ 2 )
	=	-1.512	/	( ( 2.803	+	2.677 )	/ 2 )
	=	-1.512	/	2.74
	=	-55.18 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Delta CleanTech (OTCPK:DCTIF) 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.

Delta CleanTech ROCE % Related Terms

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Delta CleanTech (Delta CleanTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta CleanTech Inc (OTCPK:DCTIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DELT:Canada

Address

2308 Palisade Drive S.W., Calgary, AB, CAN, T2V 3V1

Website

https://www.deltacleantech.ca

Delta CleanTech Inc is a clean energy tech business. It is dedicated to providing clean technology solutions that address the environmental and social governance needs of corporations. The principal activity of Delta consists of four pillars namely CO2 capture, hydrogen production, solvent and ethanol purification, and carbon credit certification and trading. The Company operates in Canada, the United States, United Arab Emirates, Kazakhstan, and China.

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