California Nanotechnologies (TSXV:CNO) ROCE % : 239.94% (As of Nov. 2023)

View and export this data going back to 2004. Start your Free Trial

What is California Nanotechnologies 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. California Nanotechnologies's annualized ROCE % for the quarter that ended in Nov. 2023 was 239.94%.

California Nanotechnologies ROCE % Historical Data

The historical data trend for California Nanotechnologies'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.

* Premium members only.

California Nanotechnologies ROCE % Chart

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

Get a 7-Day Free Trial

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															68.21	-	-	-	239.94

California Nanotechnologies ROCE % Calculation

California Nanotechnologies's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	0.262	/	( ( (1.219 - 2.266)	+	(1.395 - 2.361) )	/ 2 )
	=	0.262	/	( (-1.047	+	-0.966)	/ 2 )
	=	0.262	/	-1.0065
	=	-26.03 %

California Nanotechnologies's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	2.968	/	( ( (1.679 - 2.278)	+	(3.624 - 0.551) )	/ 2 )
	=	2.968	/	( ( -0.599	+	3.073 )	/ 2 )
	=	2.968	/	1.237
	=	239.94 %

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

California Nanotechnologies (TSXV:CNO) 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.

California Nanotechnologies ROCE % Related Terms

Thank you for viewing the detailed overview of California Nanotechnologies's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

California Nanotechnologies (TSXV:CNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (TSXV:CNO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CANOF:USA

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.