Cannabix Technologies (Cannabix Technologies) ROCE % : -35.87% (As of Jan. 2024)

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What is Cannabix Technologies 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. Cannabix Technologies's annualized ROCE % for the quarter that ended in Jan. 2024 was -35.87%.

Cannabix Technologies ROCE % Historical Data

The historical data trend for Cannabix Technologies'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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Cannabix Technologies ROCE % Chart

Cannabix Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-26.76

-26.84

-103.51

-35.36

-26.35

Cannabix Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-40.19	-10.81	-35.64	-64.74	-35.87

Cannabix Technologies ROCE % Calculation

Cannabix Technologies's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-1.558	/	( ( (6.937 - 0.096)	+	(5.152 - 0.168) )	/ 2 )
	=	-1.558	/	( (6.841	+	4.984)	/ 2 )
	=	-1.558	/	5.9125
	=	-26.35 %

Cannabix Technologies's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.456	/	( ( (4.322 - 0.141)	+	(4.018 - 0.08) )	/ 2 )
	=	-1.456	/	( ( 4.181	+	3.938 )	/ 2 )
	=	-1.456	/	4.0595
	=	-35.87 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Cannabix Technologies (OTCPK:BLOZF) 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.

Cannabix Technologies ROCE % Related Terms

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Cannabix Technologies (Cannabix Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Cannabix Technologies Inc (OTCPK:BLOZF) » Definitions » ROCE %

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8CT:Germany BLO:Canada

Address

501-3292 Production Way, Burnaby, BC, CAN, V5A 4R4

Website

https://www.cannabixtechnologies.com

Cannabix Technologies Inc is in the development of marijuana breathalyzer. It is developing breath testing technologies that can be used at the point of care to detect recent use of marijuana. It is also developing its technology to help employers, law enforcement, government and the public, when marijuana is becoming legal for recreational and medicinal use in many jurisdictions globally. The FAIMS device is designed to operate both independently or coupled in tandem directly to a mass spectrometer, used in forensic labs. The THC Breath Analyzer is a point of care breath testing tool for the rapid detection of recent cannabis use.

Cannabix Technologies (Cannabix Technologies) Headlines

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