Canadian Nexus Team Ventures (Canadian Nexus Team Ventures) ROCE % : -226.16% (As of Dec. 2023)

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What is Canadian Nexus Team Ventures 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. Canadian Nexus Team Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was -226.16%.

Canadian Nexus Team Ventures ROCE % Historical Data

The historical data trend for Canadian Nexus Team Ventures'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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Canadian Nexus Team Ventures ROCE % Chart

Canadian Nexus Team Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.92

-8.70

-10.11

-59.49

-78.25

Canadian Nexus Team Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-116.63	-15.40	-31.15	-11.49	-226.16

Canadian Nexus Team Ventures ROCE % Calculation

Canadian Nexus Team Ventures's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.196	/	( ( (2.459 - 0.124)	+	(1.053 - 0.331) )	/ 2 )
	=	-1.196	/	( (2.335	+	0.722)	/ 2 )
	=	-1.196	/	1.5285
	=	-78.25 %

Canadian Nexus Team Ventures's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2.248	/	( ( (1.527 - 0.261)	+	(1.053 - 0.331) )	/ 2 )
	=	-2.248	/	( ( 1.266	+	0.722 )	/ 2 )
	=	-2.248	/	0.994
	=	-226.16 %

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

Canadian Nexus Team Ventures (OTCPK:LGMFF) 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.

Canadian Nexus Team Ventures ROCE % Related Terms

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Canadian Nexus Team Ventures (Canadian Nexus Team Ventures) Business Description

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Address

Canadian Nexus Team Ventures, Vancouver, BC, CAN, V6E 4A6

Website

https://www.cnteamventures.ca

Canadian Nexus Team Ventures Corp is an investment company focused on creating shareholder value by acquiring and investing in early-stage to mid?level emerging growth companies.

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