Cannibble Food Tech (XCNQ:PLCN) ROCE % : 0.00% (As of Dec. 2023)

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What is Cannibble Food Tech 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. Cannibble Food Tech's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Cannibble Food Tech ROCE % Historical Data

The historical data trend for Cannibble Food Tech'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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Cannibble Food Tech ROCE % Chart

Cannibble Food Tech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-574.53

-567.38

-3,031.91

Cannibble Food Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-946.81	-	-	-	-

Cannibble Food Tech ROCE % Calculation

Cannibble Food Tech'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 )
	=	-1.425	/	( ( (0.71 - 0.753)	+	(0.47 - 0.333) )	/ 2 )
	=	-1.425	/	( (-0.043	+	0.137)	/ 2 )
	=	-1.425	/	0.047
	=	-3,031.91 %

Cannibble Food Tech'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 )
	=	1.324	/	( ( (0.61 - 0.84)	+	(0.47 - 0.333) )	/ 2 )
	=	1.324	/	( ( -0.23	+	0.137 )	/ 2 )
	=	1.324	/	-0.0465
	=	0 %

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

Cannibble Food Tech (XCNQ:PLCN) 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.

Cannibble Food Tech ROCE % Related Terms

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Cannibble Food Tech (XCNQ:PLCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannibble Food Tech Ltd (XCNQ:PLCN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602

Website

https://www.cannibble.world

Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech (XCNQ:PLCN) Headlines

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