Trail Blazing Ventures (TSXV:BLAZ.P) ROCE % : -12.20% (As of Dec. 2023)

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What is Trail Blazing Ventures 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. Trail Blazing Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.20%.

Trail Blazing Ventures ROCE % Historical Data

The historical data trend for Trail Blazing Ventures'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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Trail Blazing Ventures ROCE % Chart

Trail Blazing Ventures Annual Data

Trend

Sep21

Sep22

Sep23

ROCE %

-24.95

-2.53

Trail Blazing Ventures Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				-2.13	-3.64	-0.90	-4.04	-12.20

Trail Blazing Ventures ROCE % Calculation

Trail Blazing Ventures's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.067	/	( ( (2.651 - 0.031)	+	(2.698 - 0.021) )	/ 2 )
	=	-0.067	/	( (2.62	+	2.677)	/ 2 )
	=	-0.067	/	2.6485
	=	-2.53 %

Trail Blazing Ventures'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 )
	=	-0.324	/	( ( (2.698 - 0.021)	+	(2.69 - 0.057) )	/ 2 )
	=	-0.324	/	( ( 2.677	+	2.633 )	/ 2 )
	=	-0.324	/	2.655
	=	-12.20 %

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

Trail Blazing Ventures (TSXV:BLAZ.P) 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.

Trail Blazing Ventures ROCE % Related Terms

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Trail Blazing Ventures (TSXV:BLAZ.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trail Blazing Ventures Ltd (TSXV:BLAZ.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 - 7th Avenue South West, Suite 800 Dome Tower, Calgary, AB, CAN, T2P 2Z1

Website

https://www.trailblazingventures.com

Trail Blazing Ventures Ltd is a capital pool company.

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