CHNXF (ChitogenX) ROCE %: 0.00% (As of Oct. 2024)


What is ChitogenX ROCE %?

ChitogenX CHNXF ROCE % is 0.00% as of Oct. 2024.

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. ChitogenX's annualized ROCE % for the quarter that ended in Oct. 2024 was 0.00%.

ChitogenX  (OTCPK:CHNXF) 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.

ChitogenX ROCE % Related Terms

ChitogenX ROCE % Historical Data

* Premium members only.

The historical data trend for ChitogenX'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.

ChitogenX ROCE % Chart

ChitogenX Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
ROCE %
Get a 7-Day Free Trial Premium Member Only 0.00 -1,032.52 -3,573.81 0.00 0.00

ChitogenX Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

ChitogenX ROCE % Calculation

ChitogenX's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=-0.53/( ( (0.55 - 5.381) + (0.398 - 2.435) )/ 2 )
=-0.53/( (-4.831+-2.037)/ 2 )
=-0.53/-3.434
=15.43 %

ChitogenX's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Oct. 2024 )  (Q: Jul. 2024 )(Q: Oct. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Oct. 2024 )  (Q: Jul. 2024 )(Q: Oct. 2024 )
=-1.136/( ( (0.328 - 5.184) + (0.28 - 5.549) )/ 2 )
=-1.136/( ( -4.856 + -5.269 )/ 2 )
=-1.136/-5.0625
=0 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.00% mean?
ChitogenX (CHNXF) has a ROCE % of 0.00% as of Oct. 2024.
Is ChitogenX's ROCE % too high?
ChitogenX's current ROCE % is 0.00%.
How does ChitogenX's ROCE % compare to SCPX and LADX?
ChitogenX's ROCE % of 0.00% can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Biotechnology company?
A good ROCE % depends on the Biotechnology industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. ChitogenX's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ChitogenX stock overvalued right now?
ChitogenX (CHNXF) has a current ROCE % of 0.00%. The current ROCE % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For ChitogenX (CHNXF), the current ROCE % is 0.00% as of Oct. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ChitogenX Business Description

Address 16667 Hymus Boulevard, Kirkland, Montreal, QC, CAN, H9H 4R9
ChitogenX Inc is a clinical-stage biotech company. It operates in one segment, which is the development of novel therapeutic soft tissue repair technologies.