CNGT (Cannagistics) ROCE % : 0.00% (As of Apr. 2022)

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What is Cannagistics 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. Cannagistics's annualized ROCE % for the quarter that ended in Apr. 2022 was 0.00%.

Cannagistics ROCE % Historical Data

The historical data trend for Cannagistics'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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Cannagistics ROCE % Chart

Cannagistics Annual Data

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ROCE %

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Cannagistics Quarterly Data
	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
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Cannagistics ROCE % Calculation

Cannagistics's annualized ROCE % for the fiscal year that ended in Jul. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2021 )		(A: Jul. 2020 )		(A: Jul. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2021 )		(A: Jul. 2020 )		(A: Jul. 2021 )
	=	-16.59	/	( ( (0.059 - 4.681)	+	(0.045 - 5.692) )	/ 2 )
	=	-16.59	/	( (-4.622	+	-5.647)	/ 2 )
	=	-16.59	/	-5.1345
	=	323.11 %

Cannagistics's ROCE % of for the quarter that ended in Apr. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2022 )		(Q: Jan. 2022 )		(Q: Apr. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2022 )		(Q: Jan. 2022 )		(Q: Apr. 2022 )
	=	-0.216	/	( ( (0.058 - 6.362)	+	(0.082 - 6.706) )	/ 2 )
	=	-0.216	/	( ( -6.304	+	-6.624 )	/ 2 )
	=	-0.216	/	-6.464
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2022) EBIT data.

Cannagistics (OTCPK:CNGT) 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.

Cannagistics ROCE % Related Terms

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