eXeBlock Technology (XCNQ:XBLK.X) ROCE % : -41.45% (As of Nov. 2023)

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What is eXeBlock Technology 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. eXeBlock Technology's annualized ROCE % for the quarter that ended in Nov. 2023 was -41.45%.

eXeBlock Technology ROCE % Historical Data

The historical data trend for eXeBlock Technology'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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eXeBlock Technology ROCE % Chart

eXeBlock Technology Annual Data

Trend

Jul16

Jul17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-84.92

-23.20

-28.41

-33.15

-33.13

eXeBlock Technology 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															-29.81	-33.03	-34.52	-36.14	-41.45

eXeBlock Technology ROCE % Calculation

eXeBlock Technology's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.248	/	( ( (0.913 - 0.053)	+	(0.715 - 0.078) )	/ 2 )
	=	-0.248	/	( (0.86	+	0.637)	/ 2 )
	=	-0.248	/	0.7485
	=	-33.13 %

eXeBlock Technology'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 )
	=	-0.252	/	( ( (0.715 - 0.078)	+	(0.681 - 0.102) )	/ 2 )
	=	-0.252	/	( ( 0.637	+	0.579 )	/ 2 )
	=	-0.252	/	0.608
	=	-41.45 %

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

eXeBlock Technology (XCNQ:XBLK.X) 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.

eXeBlock Technology ROCE % Related Terms

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eXeBlock Technology (XCNQ:XBLK.X) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » eXeBlock Technology Corp (XCNQ:XBLK.X) » Definitions » ROCE %

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1DF:Germany

Address

1090 West Georgia Street, Suite 280, Vancouver, BC, CAN, V6E 3V7

Website

https://www.exeblock.com

eXeBlock Technology Corp designs and develops software application . The company specializes in the development of blockchain decentralized applications which includes blockchain technology consulting and application development. It serves the gaming and telecommunication industries in Canada.

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