SIQ Mountain Industries (TSXV:SIQ.H) ROCE % : -78.20% (As of Feb. 2024)

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What is SIQ Mountain Industries 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. SIQ Mountain Industries's annualized ROCE % for the quarter that ended in Feb. 2024 was -78.20%.

SIQ Mountain Industries ROCE % Historical Data

The historical data trend for SIQ Mountain Industries'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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SIQ Mountain Industries ROCE % Chart

SIQ Mountain Industries Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

ROCE %

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-54.02

-117.50

-230.98

SIQ Mountain Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-78.20

SIQ Mountain Industries ROCE % Calculation

SIQ Mountain Industries's annualized ROCE % for the fiscal year that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	-0.028	/	( ( (0.024 - 0.077)	+	(0.005 - 0.087) )	/ 2 )
	=	-0.028	/	( (-0.053	+	-0.082)	/ 2 )
	=	-0.028	/	-0.0675
	=	41.48 %

SIQ Mountain Industries's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.052	/	( ( (0.109 - 0.036)	+	(0.089 - 0.029) )	/ 2 )
	=	-0.052	/	( ( 0.073	+	0.06 )	/ 2 )
	=	-0.052	/	0.0665
	=	-78.20 %

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

SIQ Mountain Industries (TSXV:SIQ.H) 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.

SIQ Mountain Industries ROCE % Related Terms

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SIQ Mountain Industries (TSXV:SIQ.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » SIQ Mountain Industries Inc (TSXV:SIQ.H) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

13966 18B Avenue, South Surrey, BC, CAN, V4A 8J1

Website

http://www.siqmountain.com

SIQ Mountain Industries Inc is an early stage development organization focused on the design, engineering, marketing, production and distribution of various proprietary outdoor sports entertainment products. The company offers equipment, apparels accessories which include SiQride, efoil, hoodies, SiQ logo stickers among others.

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