MicroSalt (LSE:SALT) ROCE % : 0.00% (As of Jun. 2023)

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What is MicroSalt 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. MicroSalt's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

MicroSalt ROCE % Historical Data

The historical data trend for MicroSalt'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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MicroSalt ROCE % Chart

MicroSalt Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-631.91

-461.87

-570.61

MicroSalt Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23
ROCE %	-	-	-	-	-

MicroSalt ROCE % Calculation

MicroSalt'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 )
	=	-1.98	/	( ( (0.322 - 0.041)	+	(0.548 - 0.135) )	/ 2 )
	=	-1.98	/	( (0.281	+	0.413)	/ 2 )
	=	-1.98	/	0.347
	=	-570.61 %

MicroSalt's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0	/	( ( (0.548 - 0.135)	+	(1.13 - 0.41) )	/ 2 )
	=	0	/	( ( 0.413	+	0.72 )	/ 2 )
	=	0	/	0.5665
	=	0.00 %

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

MicroSalt (LSE:SALT) 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.

MicroSalt ROCE % Related Terms

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MicroSalt (LSE:SALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MicroSalt PLC (LSE:SALT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 New Fetter Lane, London, GBR, EC4A 1JP

Website

https://www.microsaltinc.com

MicroSalt Plc is a company that has developed a patent protected and scalable manufacturing process that produces a salt crystal that is approximately hundred times smaller than traditional salt, with an average size of less than twenty microns. It allows consumers to reduce their sodium intake by half without compromising on flavor.

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