BZAM (HAM:Z6A) ROCE % : -54.98% (As of Sep. 2023)

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What is BZAM 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. BZAM's annualized ROCE % for the quarter that ended in Sep. 2023 was -54.98%.

BZAM ROCE % Historical Data

The historical data trend for BZAM'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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BZAM ROCE % Chart

BZAM Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-18.36

-57.10

-73.29

-18.95

-15.00

BZAM Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-17.42	-16.98	-33.37	-171.39	-54.98

BZAM ROCE % Calculation

BZAM's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-20.653	/	( ( (134.372 - 20.321)	+	(190.707 - 29.334) )	/ 2 )
	=	-20.653	/	( (114.051	+	161.373)	/ 2 )
	=	-20.653	/	137.712
	=	-15.00 %

BZAM'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 )
	=	-41.44	/	( ( (128.538 - 44.899)	+	(119.154 - 52.039) )	/ 2 )
	=	-41.44	/	( ( 83.639	+	67.115 )	/ 2 )
	=	-41.44	/	75.377
	=	-54.98 %

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

BZAM (HAM:Z6A) 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.

BZAM ROCE % Related Terms

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BZAM (HAM:Z6A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » BZAM Ltd (HAM:Z6A) » Definitions » ROCE %

Comparable Companies

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BZAMF:USA Z6A:Germany BZAM:Canada

Address

200 Burrard Street, Suite 402, Vancouver, BC, CAN, V6C 3L6

Website

https://www.bzam.com

BZAM Ltd is a multi-licensed Canadian cannabis producer focused on branded consumer goods, cultivation, processing and people. The BZAM Cannabis family includes core brands BZAM, ness and TABLE TOP, and partner brands FRESH, Dunn Cannabis, SuperFlower and Snackbar. It operates facilities in the Lower Mainland, West Kootenay and Vancouver Island in British Columbia, and sister companies operate facilities in Edmonton, Alberta, as well as retail stores in Winnipeg, Manitoba and Emerald Park, Saskatchewan. The Company's business activities are conducted through two reportable operating segments which both consist of the production and distribution of cannabis and related products: BZAM and TGOD.

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