Global Compliance Applications (XCNQ:APP) ROCE % : 0.00% (As of Dec. 2023)

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What is Global Compliance Applications 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. Global Compliance Applications's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Global Compliance Applications ROCE % Historical Data

The historical data trend for Global Compliance Applications'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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Global Compliance Applications ROCE % Chart

Global Compliance Applications Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-567.80

Global Compliance Applications Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Global Compliance Applications ROCE % Calculation

Global Compliance Applications's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.133	/	( ( (0.619 - 1.64)	+	(0.183 - 2.293) )	/ 2 )
	=	-2.133	/	( (-1.021	+	-2.11)	/ 2 )
	=	-2.133	/	-1.5655
	=	136.25 %

Global Compliance Applications's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.156	/	( ( (0.046 - 2.435)	+	(0.039 - 2.521) )	/ 2 )
	=	-1.156	/	( ( -2.389	+	-2.482 )	/ 2 )
	=	-1.156	/	-2.4355
	=	0 %

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

Global Compliance Applications (XCNQ:APP) 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.

Global Compliance Applications ROCE % Related Terms

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Global Compliance Applications (XCNQ:APP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Compliance Applications Corp (XCNQ:APP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FUAPF:USA TK6:Germany

Address

1100 Melville Street, P.O. Box 43, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.globalcompliance.app

Global Compliance Applications Corp is engaged in designing and developing data technologies and applications for the medical cannabis industry. It generates revenue from Software licensing.

Executives

Bradley Donald Moore

Director, Senior Officer