Difference Capital Financial (Difference Capital Financial) ROCE % : 33.28% (As of Mar. 2019)

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What is Difference Capital Financial 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. Difference Capital Financial's annualized ROCE % for the quarter that ended in Mar. 2019 was 33.28%.

Difference Capital Financial ROCE % Historical Data

The historical data trend for Difference Capital Financial'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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Difference Capital Financial ROCE % Chart

Difference Capital Financial Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-29.27

6.14

-11.47

3.53

-2.06

Difference Capital Financial Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
ROCE %	Get a 7-Day Free Trial															-28.97	-11.10	-3.78	31.96	33.28

Difference Capital Financial ROCE % Calculation

Difference Capital Financial's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-0.735	/	( ( (60.328 - 25.057)	+	(47.98 - 11.774) )	/ 2 )
	=	-0.735	/	( (35.271	+	36.206)	/ 2 )
	=	-0.735	/	35.7385
	=	-2.06 %

Difference Capital Financial's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	11.552	/	( ( (47.98 - 11.774)	+	(44.977 - 11.761) )	/ 2 )
	=	11.552	/	( ( 36.206	+	33.216 )	/ 2 )
	=	11.552	/	34.711
	=	33.28 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

Difference Capital Financial (GREY:TNTHF) 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.

Difference Capital Financial ROCE % Related Terms

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Difference Capital Financial (Difference Capital Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Difference Capital Financial Inc (GREY:TNTHF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Front Street West, Suite 2504, Toronto, ON, CAN, M5V 3L1

Website

http://www.differencecapital.com

Difference Capital Financial Inc is a Canada-based investment company. It is concentrated on creating shareholder value through strategic investments in growth companies. It aims to generate medium to long-term capital growth by investing in a diversified investment portfolio consisting of securities of private companies, particularly in the technology, media and healthcare sectors. The company provides debt and equity growth capital to technology and media related companies.

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