CordovaCann (XCNQ:CDVA) ROCE % : -87.54% (As of Jun. 2023)

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What is CordovaCann 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. CordovaCann's annualized ROCE % for the quarter that ended in Jun. 2023 was -87.54%.

CordovaCann ROCE % Historical Data

The historical data trend for CordovaCann'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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CordovaCann ROCE % Chart

CordovaCann Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-212.15

-81.17

-37.28

-29.27

-87.54

CordovaCann Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial															-212.15	-81.17	-37.28	-29.27	-87.54

CordovaCann ROCE % Calculation

CordovaCann'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 )
	=	-5.882	/	( ( (16.751 - 5.696)	+	(10.264 - 7.881) )	/ 2 )
	=	-5.882	/	( (11.055	+	2.383)	/ 2 )
	=	-5.882	/	6.719
	=	-87.54 %

CordovaCann'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: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	-5.882	/	( ( (16.751 - 5.696)	+	(10.264 - 7.881) )	/ 2 )
	=	-5.882	/	( ( 11.055	+	2.383 )	/ 2 )
	=	-5.882	/	6.719
	=	-87.54 %

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

CordovaCann (XCNQ:CDVA) 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.

CordovaCann ROCE % Related Terms

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CordovaCann (XCNQ:CDVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CordovaCann Corp (XCNQ:CDVA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LVRLF:USA

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V0R2

Website

https://www.cordovacann.com

CordovaCann Corp is a Canadian-domiciled company focused on building a diversified cannabis company. The company provides services and investment capital to the processing and production of vertical markets of the cannabis industry.

Executives

Benjamin Thomas Higham

Director

CordovaCann (XCNQ:CDVA) Headlines

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