Miza III Ventures (TSXV:MIZA.P) ROCE % : -11.69% (As of Jan. 2024)

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What is Miza III Ventures 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. Miza III Ventures's annualized ROCE % for the quarter that ended in Jan. 2024 was -11.69%.

Miza III Ventures ROCE % Historical Data

The historical data trend for Miza III Ventures'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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Miza III Ventures ROCE % Chart

Miza III Ventures Annual Data

Trend

Jan21

Jan22

Jan23

Jan24

ROCE %

-3.45

-20.01

-6.09

-8.55

Miza III Ventures Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial								-4.37	-5.69	-12.88	-3.93	-11.69

Miza III Ventures ROCE % Calculation

Miza III Ventures's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-0.105	/	( ( (1.284 - 0.009)	+	(1.221 - 0.041) )	/ 2 )
	=	-0.105	/	( (1.275	+	1.18)	/ 2 )
	=	-0.105	/	1.2275
	=	-8.55 %

Miza III Ventures's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.14	/	( ( (1.229 - 0.014)	+	(1.221 - 0.041) )	/ 2 )
	=	-0.14	/	( ( 1.215	+	1.18 )	/ 2 )
	=	-0.14	/	1.1975
	=	-11.69 %

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

Miza III Ventures (TSXV:MIZA.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.

Miza III Ventures ROCE % Related Terms

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Miza III Ventures (TSXV:MIZA.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Miza III Ventures Inc (TSXV:MIZA.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West Pender Street, Suite 1510, Vancouver, BC, CAN, V6C 1H2

Website

Miza III Ventures Inc is engaged in the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

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