Trenchant Capital (XCNQ:TCC) ROCE % : -110.12% (As of Dec. 2023)

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What is Trenchant Capital 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. Trenchant Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -110.12%.

Trenchant Capital ROCE % Historical Data

The historical data trend for Trenchant 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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Trenchant Capital ROCE % Chart

Trenchant Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.00

8.87

7.40

27.81

-10.78

Trenchant Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															162.33	-199.02	-6.62	-119.18	-110.12

Trenchant Capital ROCE % Calculation

Trenchant 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 )
	=	-0.251	/	( ( (23.908 - 20.967)	+	(1.968 - 0.254) )	/ 2 )
	=	-0.251	/	( (2.941	+	1.714)	/ 2 )
	=	-0.251	/	2.3275
	=	-10.78 %

Trenchant Capital'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 )
	=	-1.328	/	( ( (1.819 - 0.596)	+	(1.905 - 0.716) )	/ 2 )
	=	-1.328	/	( ( 1.223	+	1.189 )	/ 2 )
	=	-1.328	/	1.206
	=	-110.12 %

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

Trenchant Capital (XCNQ:TCC) 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.

Trenchant Capital ROCE % Related Terms

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Trenchant Capital (XCNQ:TCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Trenchant Capital Corp (XCNQ:TCC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TRNHF:USA

Address

1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9

Website

https://www.trenchantcapital.net

Trenchant Capital Corp is a Canada-based investment issuer. The company is in the business of providing special situation debt financing to private equity firms. It derives revenue from interest sources.

Executives

Eric Boehnke

Director

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