Delota (XCNQ:NIC) ROCE % : -20.06% (As of Oct. 2023)

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What is Delota 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. Delota's annualized ROCE % for the quarter that ended in Oct. 2023 was -20.06%.

Delota ROCE % Historical Data

The historical data trend for Delota'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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Delota ROCE % Chart

Delota Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jan20

Jan21

Jan22

Jan23

ROCE %

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-153.85

-738.49

-7,696.55

260.13

Delota Quarterly Data
	Dec18	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															8.89	1.38	-6.03	4.60	-20.06

Delota ROCE % Calculation

Delota's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	8.523	/	( ( (13.405 - 15.103)	+	(14.78 - 6.529) )	/ 2 )
	=	8.523	/	( (-1.698	+	8.251)	/ 2 )
	=	8.523	/	3.2765
	=	260.13 %

Delota's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-1.416	/	( ( (14.202 - 6.775)	+	(13.728 - 7.036) )	/ 2 )
	=	-1.416	/	( ( 7.427	+	6.692 )	/ 2 )
	=	-1.416	/	7.0595
	=	-20.06 %

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

Delota (XCNQ:NIC) 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.

Delota ROCE % Related Terms

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Delota (XCNQ:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Delota Corp (XCNQ:NIC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7941 Jane Street, Unit 2, Concord, ON, CAN, L4K 2M7

Website

http://www.delota.com

Delota Corp is a cannabis and nicotine retailer. The company is engaged in developing retail cannabis and nicotine brands in Canada by growing its retail footprint and developing retail banners. Delota's current retail banners include Offside Cannabis and 180 Smoke.