GHP Noetic Science-Psychedelic Pharma (TSXV:PSYF.P) ROCE % : -10.17% (As of Jun. 2023)

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What is GHP Noetic Science-Psychedelic Pharma 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. GHP Noetic Science-Psychedelic Pharma's annualized ROCE % for the quarter that ended in Jun. 2023 was -10.17%.

GHP Noetic Science-Psychedelic Pharma ROCE % Historical Data

The historical data trend for GHP Noetic Science-Psychedelic Pharma'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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GHP Noetic Science-Psychedelic Pharma ROCE % Chart

GHP Noetic Science-Psychedelic Pharma Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-7.33

-5.53

GHP Noetic Science-Psychedelic Pharma Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial									-7.10	-2.86	-9.42	-6.64	-10.17

GHP Noetic Science-Psychedelic Pharma ROCE % Calculation

GHP Noetic Science-Psychedelic Pharma'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 )
	=	-0.062	/	( ( (1.217 - 0.07)	+	(1.109 - 0.015) )	/ 2 )
	=	-0.062	/	( (1.147	+	1.094)	/ 2 )
	=	-0.062	/	1.1205
	=	-5.53 %

GHP Noetic Science-Psychedelic Pharma's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-0.108	/	( ( (1.089 - 0.014)	+	(1.079 - 0.03) )	/ 2 )
	=	-0.108	/	( ( 1.075	+	1.049 )	/ 2 )
	=	-0.108	/	1.062
	=	-10.17 %

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

GHP Noetic Science-Psychedelic Pharma (TSXV:PSYF.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.

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GHP Noetic Science-Psychedelic Pharma (TSXV:PSYF.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GHP Noetic Science-Psychedelic Pharma Inc (TSXV:PSYF.P) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

18 Lumley Avenue, Toronto, ON, CAN, M4G 2X5

Website

GHP Noetic Science-Psychedelic Pharma Inc is a capital pool company.

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