Binovi Technologies (Binovi Technologies) ROCE % : -1,253.50% (As of Feb. 2022)

View and export this data going back to 2012. Start your Free Trial

What is Binovi Technologies 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. Binovi Technologies's annualized ROCE % for the quarter that ended in Feb. 2022 was -1,253.50%.

Binovi Technologies ROCE % Historical Data

The historical data trend for Binovi Technologies'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.

* Premium members only.

Binovi Technologies ROCE % Chart

Binovi Technologies Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

ROCE %

Get a 7-Day Free Trial

-180.06

-195.45

-297.16

-161.57

-428.01

Binovi Technologies Quarterly Data
	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22
ROCE %	Get a 7-Day Free Trial															-138.88	-63.39	-50.28	-43.34	-1,253.50

Binovi Technologies ROCE % Calculation

Binovi Technologies's annualized ROCE % for the fiscal year that ended in Feb. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	-12.821	/	( ( (9.594 - 1.805)	+	(0.853 - 2.651) )	/ 2 )
	=	-12.821	/	( (7.789	+	-1.798)	/ 2 )
	=	-12.821	/	2.9955
	=	-428.01 %

Binovi Technologies's ROCE % of for the quarter that ended in Feb. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2022 )		(Q: Nov. 2021 )		(Q: Feb. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2022 )		(Q: Nov. 2021 )		(Q: Feb. 2022 )
	=	-38.52	/	( ( (10.292 - 2.348)	+	(0.853 - 2.651) )	/ 2 )
	=	-38.52	/	( ( 7.944	+	-1.798 )	/ 2 )
	=	-38.52	/	3.073
	=	-1,253.50 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2022) EBIT data.

Binovi Technologies (OTCPK:BNVIF) 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.

Binovi Technologies ROCE % Related Terms

Thank you for viewing the detailed overview of Binovi Technologies's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Binovi Technologies (Binovi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Binovi Technologies Corp (OTCPK:BNVIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.binovi.com

Binovi Technologies Corp is engaged in the development and commercialization of visual and neuro-cognitive processing products and manufacturing hardware and software for diagnosing and remediating visual perception disorders. The company has three geographical segments; the United States, Canada, and Other. it derives a majority of its revenue from the United States.