Burcon NutraScience (STU:BNE) ROCE %

: -70.71% (As of Jun. 2023)

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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. Burcon NutraScience's annualized ROCE % for the quarter that ended in Jun. 2023 was -70.71%.

Burcon NutraScience ROCE % Historical Data

The historical data trend for Burcon NutraScience'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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Burcon NutraScience Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-378.06

-29.25

0.47

-32.80

-127.63

Burcon NutraScience Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-60.78	-53.74	-361.23	-69.30	-70.71

Burcon NutraScience ROCE % Calculation

Burcon NutraScience's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-16.995	/	( ( (21.05 - 0.749)	+	(6.757 - 0.427) )	/ 2 )
	=	-16.995	/	( (20.301	+	6.33)	/ 2 )
	=	-16.995	/	13.3155
	=	-127.63 %

Burcon NutraScience'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: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-4.948	/	( ( (6.757 - 0.427)	+	(8.168 - 0.503) )	/ 2 )
	=	-4.948	/	( ( 6.33	+	7.665 )	/ 2 )
	=	-4.948	/	6.9975
	=	-70.71 %

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

Burcon NutraScience (STU:BNE) 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.

Burcon NutraScience ROCE % Related Terms

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Burcon NutraScience (STU:BNE) Business Description

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BRCNF:USA BNE:Germany BU:Canada

Address

1946 West Broadway, Vancouver, BC, CAN, V6J 1Z2

Website

https://www.burcon.ca

Burcon NutraScience Corp is a technology company in the development of plant-based proteins. With over 290 issued patent applications, that have been developed, Burcon has grown a portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed, and more. Its joint venture Merit Foods is building a protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients.

Burcon NutraScience (STU:BNE) ROCE %

Burcon NutraScience ROCE % Historical Data

Burcon NutraScience ROCE % Calculation

Burcon NutraScience ROCE % Related Terms

Burcon NutraScience (STU:BNE) Business Description

Burcon NutraScience (STU:BNE) Headlines