Odessa Capital (TSXV:ALFA.P) ROCE % : -3.75% (As of Apr. 2023)

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What is Odessa Capital 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. Odessa Capital's annualized ROCE % for the quarter that ended in Apr. 2023 was -3.75%.

Odessa Capital ROCE % Historical Data

The historical data trend for Odessa Capital'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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Odessa Capital ROCE % Chart

Odessa Capital Annual Data

Trend

Dec23

ROCE %

-12.22

Odessa Capital Semi-Annual Data
	Apr23
ROCE %	-3.75

Odessa Capital ROCE % Calculation

Odessa Capital'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: . 20 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: . 20 )		(A: Dec. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Odessa Capital's ROCE % of for the quarter that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2023 )		(Q: . 20 )		(Q: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2023 )		(Q: . 20 )		(Q: Apr. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (Apr. 2023) EBIT data.

Odessa Capital (TSXV:ALFA.P) 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.

Odessa Capital ROCE % Related Terms

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Odessa Capital (TSXV:ALFA.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Odessa Capital Ltd (TSXV:ALFA.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 - 7th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 2Z1

Website

Odessa Capital Ltd is a shell company. The Corporation proposes to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction.

Odessa Capital (TSXV:ALFA.P) Headlines

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