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Verisante Technology (Verisante Technology) ROCE % : -1,066.67% (As of Mar. 2024)


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What is Verisante Technology 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. Verisante Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was -1,066.67%.

Verisante Technology ROCE % Historical Data

The historical data trend for Verisante Technology'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.

* Premium members only.

Verisante Technology ROCE % Chart

Verisante Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -487.36 -374.07

Verisante Technology Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Dec18 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -256.79 -292.06 -400.00 -800.00 -1,066.67

Verisante Technology ROCE % Calculation

Verisante Technology'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 )
=-0.101/( ( (0.065 - 0.019) + (0.027 - 0.019) )/ 2 )
=-0.101/( (0.046+0.008)/ 2 )
=-0.101/0.027
=-374.07 %

Verisante Technology's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-0.096/( ( (0.027 - 0.019) + (0.028 - 0.018) )/ 2 )
=-0.096/( ( 0.008 + 0.01 )/ 2 )
=-0.096/0.009
=-1,066.67 %

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

* 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.

Verisante Technology  (OTCPK:VRSEF) 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.

Verisante Technology ROCE % Related Terms

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Verisante Technology (Verisante Technology) Business Description

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Traded in Other Exchanges
VER.H:Canada
Address
170 - 422 Richards Street, Vancouver, BC, CAN, V6B 2Z4
Website
https://www.verisante.com
Verisante Technology Inc does not have significant operations. It is currently seeking out opportunities to acquire a successful business such as a leading provider of cutting-edge technologies and services, offering scalable solutions.