Endurance Capital (TSXV:ECAP.P) ROCE % : -6.02% (As of Dec. 2023)

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What is Endurance Capital 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. Endurance Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.02%.

Endurance Capital ROCE % Historical Data

The historical data trend for Endurance Capital'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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Endurance Capital ROCE % Chart

Endurance Capital Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-10.01

-10.21

Endurance Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-6.52	-7.18	-8.45	-19.24	-6.02

Endurance Capital ROCE % Calculation

Endurance Capital'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 )
	=	-0.071	/	( ( (0.754 - 0.023)	+	(0.682 - 0.022) )	/ 2 )
	=	-0.071	/	( (0.731	+	0.66)	/ 2 )
	=	-0.071	/	0.6955
	=	-10.21 %

Endurance Capital's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.04	/	( ( (0.711 - 0.041)	+	(0.682 - 0.022) )	/ 2 )
	=	-0.04	/	( ( 0.67	+	0.66 )	/ 2 )
	=	-0.04	/	0.665
	=	-6.02 %

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

Endurance Capital (TSXV:ECAP.P) 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.

Endurance Capital ROCE % Related Terms

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Endurance Capital (TSXV:ECAP.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Endurance Capital Corp (TSXV:ECAP.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Melville Street, Suite 835, Vancouver, BC, CAN, V6E 4A6

Website

Endurance Capital Corp is a capital pool company.

Endurance Capital (TSXV:ECAP.P) Headlines

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