Cyber Enviro-Tech (Cyber Enviro-Tech) ROCE % : -81.23% (As of Mar. 2024)

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What is Cyber Enviro-Tech 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. Cyber Enviro-Tech's annualized ROCE % for the quarter that ended in Mar. 2024 was -81.23%.

Cyber Enviro-Tech ROCE % Historical Data

The historical data trend for Cyber Enviro-Tech'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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Cyber Enviro-Tech ROCE % Chart

Cyber Enviro-Tech Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-307.16

148.37

-114.73

Cyber Enviro-Tech Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					-69.67	-110.84	-70.25	-175.67	-81.23

Cyber Enviro-Tech ROCE % Calculation

Cyber Enviro-Tech'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 )
	=	-4.011	/	( ( (2.872 - 0.441)	+	(5.375 - 0.814) )	/ 2 )
	=	-4.011	/	( (2.431	+	4.561)	/ 2 )
	=	-4.011	/	3.496
	=	-114.73 %

Cyber Enviro-Tech'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 )
	=	-3.788	/	( ( (5.375 - 0.814)	+	(5.702 - 0.936) )	/ 2 )
	=	-3.788	/	( ( 4.561	+	4.766 )	/ 2 )
	=	-3.788	/	4.6635
	=	-81.23 %

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

Cyber Enviro-Tech (OTCPK:CETI) 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.

Cyber Enviro-Tech ROCE % Related Terms

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Cyber Enviro-Tech (Cyber Enviro-Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cyber Enviro-Tech Inc (OTCPK:CETI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6991 East Camelback Road, Suite D-300, Scottsdale, AZ, USA, 85251

Website

https://www.cyberenviro.tech

Cyber Enviro-Tech Inc is a water science technology company that designs water purification and cyber solutions for commercial applications and industries. The company manufacture and sell water filtration, desalination, and oil separation systems. It serves Oil and Gas; Dairy Farms and Feedlots; Agriculture; Mining and other industries.