Toronto Cleantech Capital (TSXV:YAY.P) ROCE % : -31.35% (As of Jan. 2024)

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What is Toronto Cleantech 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. Toronto Cleantech Capital's annualized ROCE % for the quarter that ended in Jan. 2024 was -31.35%.

Toronto Cleantech Capital ROCE % Historical Data

The historical data trend for Toronto Cleantech 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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Toronto Cleantech Capital ROCE % Chart

Toronto Cleantech Capital Annual Data

Trend

Apr21

Apr22

Apr23

ROCE %

-18.33

-3.16

Toronto Cleantech Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial						-2.28	-5.17	-39.62	-16.16	-31.35

Toronto Cleantech Capital ROCE % Calculation

Toronto Cleantech Capital's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-0.022	/	( ( (0.71 - 0.008)	+	(0.701 - 0.009) )	/ 2 )
	=	-0.022	/	( (0.702	+	0.692)	/ 2 )
	=	-0.022	/	0.697
	=	-3.16 %

Toronto Cleantech Capital'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 )
	=	-0.192	/	( ( (0.633 - 0.007)	+	(3.852 - 3.253) )	/ 2 )
	=	-0.192	/	( ( 0.626	+	0.599 )	/ 2 )
	=	-0.192	/	0.6125
	=	-31.35 %

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

Toronto Cleantech Capital (TSXV:YAY.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.

Toronto Cleantech Capital ROCE % Related Terms

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Toronto Cleantech Capital (TSXV:YAY.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Toronto Cleantech Capital Inc (TSXV:YAY.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Burrard Street, 1200 Waterfront Centre, P.O. Box 48600, Vancouver, BC, CAN, V7X 1T2

Website

Toronto Cleantech Capital Inc is a capital pool company. Its principal business is to identify and evaluate assets or businesses with a view to potentially acquire them or an interest therein by completing a purchase transaction, by exercising of an option or by any concomitant transaction.

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