NeutriSci International (NeutriSci International) ROCE % : 0.00% (As of Sep. 2023)

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What is NeutriSci International 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. NeutriSci International's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

NeutriSci International ROCE % Historical Data

The historical data trend for NeutriSci International'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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NeutriSci International ROCE % Chart

NeutriSci International Annual Data

Trend

Mar13

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-1,151.30

-2,846.51

NeutriSci International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

NeutriSci International ROCE % Calculation

NeutriSci International'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 )
	=	-0.568	/	( ( (0.641 - 0.63)	+	(0.244 - 0.654) )	/ 2 )
	=	-0.568	/	( (0.011	+	-0.41)	/ 2 )
	=	-0.568	/	-0.1995
	=	284.71 %

NeutriSci International'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 )
	=	-0.284	/	( ( (0.104 - 0.636)	+	(0.095 - 0.687) )	/ 2 )
	=	-0.284	/	( ( -0.532	+	-0.592 )	/ 2 )
	=	-0.284	/	-0.562
	=	0 %

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

NeutriSci International (OTCPK:NRXCF) 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.

NeutriSci International ROCE % Related Terms

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NeutriSci International (NeutriSci International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » NeutriSci International Inc (OTCPK:NRXCF) » Definitions » ROCE %

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Traded in Other Exchanges

1N9:Germany NU:Canada

Address

1600 - 609 Granville Street, Vancouver, AB, CAN, V7Y 1C3

Website

https://www.neutrisci.com

NeutriSci International Inc is a Canada-based company engaged in the market development of nutraceutical products. The company's revenue consists of sales of the Neueenergy product line.