MTL Cannabis (FRA:J4E) ROCE % : 53.20% (As of Sep. 2023)

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What is MTL Cannabis 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. MTL Cannabis's annualized ROCE % for the quarter that ended in Sep. 2023 was 53.20%.

MTL Cannabis ROCE % Historical Data

The historical data trend for MTL Cannabis'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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MTL Cannabis ROCE % Chart

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

21.94

53.20

-6.82

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-	18.33	53.20	18.08

MTL Cannabis ROCE % Calculation

MTL Cannabis's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.601	/	( ( (17.048 - 8.933)	+	(21.669 - 12.16) )	/ 2 )
	=	-0.601	/	( (8.115	+	9.509)	/ 2 )
	=	-0.601	/	8.812
	=	-6.82 %

MTL Cannabis's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	9.976	/	( ( (23.295 - 14.169)	+	(52.492 - 24.111) )	/ 2 )
	=	9.976	/	( ( 9.126	+	28.381 )	/ 2 )
	=	9.976	/	18.7535
	=	53.20 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

MTL Cannabis (FRA:J4E) 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.

MTL Cannabis ROCE % Related Terms

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MTL Cannabis (FRA:J4E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (FRA:J4E) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MTLC:Canada

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

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