RIV Capital (XCNQ:RIV) ROCE %

: -8.03% (As of Sep. 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. RIV Capital's annualized ROCE % for the quarter that ended in Sep. 2023 was -8.03%.

RIV Capital ROCE % Historical Data

The historical data trend for RIV Capital'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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RIV Capital Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.70

-11.26

-50.09

-15.26

-55.90

RIV Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-153.50	-6.24	-31.74	-8.83	-8.03

RIV Capital ROCE % Calculation

RIV Capital'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 )
	=	-225.705	/	( ( (463.623 - 4.996)	+	(358.246 - 9.343) )	/ 2 )
	=	-225.705	/	( (458.627	+	348.903)	/ 2 )
	=	-225.705	/	403.765
	=	-55.90 %

RIV Capital's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-26.792	/	( ( (343.252 - 7.746)	+	(339.414 - 7.24) )	/ 2 )
	=	-26.792	/	( ( 335.506	+	332.174 )	/ 2 )
	=	-26.792	/	333.84
	=	-8.03 %

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

RIV Capital (XCNQ:RIV) 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.

RIV Capital ROCE % Related Terms

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RIV Capital (XCNQ:RIV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » RIV Capital Inc (XCNQ:RIV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CNPOF:USA

Address

40 King Street West, Suite 2504, Toronto, ON, CAN, M5H 3Y2

Website

https://www.rivcapital.com

RIV Capital Inc is a venture capital investment and operating platform structured to pursue investment opportunities in the cannabis sector. The company has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the cannabis sector. The investments take the form of production-linked royalties, secured debt, newly formed joint ventures, and a variety of equity and equity-linked instruments.