CBIH (Cannabis Bioscience International Holdings) ROCE % : 0.00% (As of Nov. 2024)

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What is Cannabis Bioscience International Holdings 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. Cannabis Bioscience International Holdings's annualized ROCE % for the quarter that ended in Nov. 2024 was 0.00%.

Cannabis Bioscience International Holdings ROCE % Historical Data

The historical data trend for Cannabis Bioscience International Holdings'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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Cannabis Bioscience International Holdings ROCE % Chart

Cannabis Bioscience International Holdings Annual Data

Trend

Dec06

Dec07

May09

May10

May11

May23

May24

ROCE %

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100.17

-33.39

24.72

-2.89

Cannabis Bioscience International Holdings Quarterly Data
	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Cannabis Bioscience International Holdings ROCE % Calculation

Cannabis Bioscience International Holdings's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	-0.486	/	( ( (0.043 - 0.386)	+	(0.057 - 0.882) )	/ 2 )
	=	-0.486	/	( (-0.343	+	-0.825)	/ 2 )
	=	-0.486	/	-0.584
	=	83.22 %

Cannabis Bioscience International Holdings's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.24	/	( ( (0.046 - 0.852)	+	(0.035 - 0.873) )	/ 2 )
	=	-0.24	/	( ( -0.806	+	-0.838 )	/ 2 )
	=	-0.24	/	-0.822
	=	0 %

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

Cannabis Bioscience International Holdings (OTCPK:CBIH) 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.

Cannabis Bioscience International Holdings ROCE % Related Terms

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Cannabis Bioscience International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Bioscience International Holdings Inc (OTCPK:CBIH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

6201 Bonhomme Road, Suite 435N, Houston, TX, USA, 77036

Website

https://www.cbih.net

Cannabis Bioscience International Holdings Inc provides educational systems focused on medical cannabis in cities throughout the United States and six countries in Latin America. The company provides services in therapeutic areas of clinical trials and services relating to sleep disorders through its sleep center in Houston, Texas. It offered concierge medicine at an affordable price through a membership-based model through its wholly-owned subsidiary.