Tilray Brands (FRA:2HQ) ROCE % : -10.18% (As of Feb. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Tilray Brands 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. Tilray Brands's annualized ROCE % for the quarter that ended in Feb. 2024 was -10.18%.

Tilray Brands ROCE % Historical Data

The historical data trend for Tilray Brands'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.

* Premium members only.

Tilray Brands ROCE % Chart

Tilray Brands Annual Data

Trend

Aug14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

Get a 7-Day Free Trial

-2.45

-5.10

-8.46

-7.97

-30.55

Tilray Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-104.74	-7.51	-4.00	-4.21	-10.18

Tilray Brands ROCE % Calculation

Tilray Brands's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-1291.283	/	( ( (5155.411 - 265.204)	+	(3962.678 - 398.341) )	/ 2 )
	=	-1291.283	/	( (4890.207	+	3564.337)	/ 2 )
	=	-1291.283	/	4227.272
	=	-30.55 %

Tilray Brands's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-368.34	/	( ( (4001.435 - 364.967)	+	(3905.318 - 305.076) )	/ 2 )
	=	-368.34	/	( ( 3636.468	+	3600.242 )	/ 2 )
	=	-368.34	/	3618.355
	=	-10.18 %

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

Tilray Brands (FRA:2HQ) 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.

Tilray Brands ROCE % Related Terms

Thank you for viewing the detailed overview of Tilray Brands's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tilray Brands (FRA:2HQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tilray Brands Inc (FRA:2HQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TLRY:USA 2HQ:Germany TLRY:Canada TLRY:Austria

Address

265 Talbot Street West, Leamington, ON, CAN, N8H 5L4

Website

https://www.tilray.com

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products and alcohol.

Tilray Brands (FRA:2HQ) Headlines

No Headlines