Versus Systems (XCNQ:VS) ROCE % : -108.11% (As of Dec. 2023)

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What is Versus Systems 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. Versus Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was -108.11%.

Versus Systems ROCE % Historical Data

The historical data trend for Versus Systems'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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Versus Systems ROCE % Chart

Versus Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-342.83

-361.11

-211.86

-144.54

-139.68

Versus Systems 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															-161.35	-73.98	-108.74	-98.42	-108.11

Versus Systems ROCE % Calculation

Versus Systems's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-8.761	/	( ( (10.948 - 4.517)	+	(6.544 - 0.431) )	/ 2 )
	=	-8.761	/	( (6.431	+	6.113)	/ 2 )
	=	-8.761	/	6.272
	=	-139.68 %

Versus Systems'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 )
	=	-7.404	/	( ( (10.411 - 2.827)	+	(6.544 - 0.431) )	/ 2 )
	=	-7.404	/	( ( 7.584	+	6.113 )	/ 2 )
	=	-7.404	/	6.8485
	=	-108.11 %

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

Versus Systems (XCNQ:VS) 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.

Versus Systems ROCE % Related Terms

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Versus Systems (XCNQ:VS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Versus Systems Inc (XCNQ:VS) » Definitions » ROCE %

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VS:USA BMV0:Germany

Address

1558 West Hastings Street, Vancouver, BC, CAN, V6G 3J4

Website

https://www.versussystems.com

Versus Systems Inc is a Canada based company. The company is engaged in the technology sector and is developing a business-to-business software platform that allows video game publishers and developers to offer prize-based matches of their games to their players. The product offerings of the company include Dashboard/Platform In-Game Experience and Versus Gear App.