BEACN Wizardry & Magic (TSXV:BECN) ROCE % : -82.32% (As of Sep. 2023)

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What is BEACN Wizardry & Magic 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. BEACN Wizardry & Magic's annualized ROCE % for the quarter that ended in Sep. 2023 was -82.32%.

BEACN Wizardry & Magic ROCE % Historical Data

The historical data trend for BEACN Wizardry & Magic'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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BEACN Wizardry & Magic ROCE % Chart

BEACN Wizardry & Magic Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-154.36

-11.75

BEACN Wizardry & Magic Quarterly Data
	Nov20	Feb21	May21	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial							-17.47	-78.43	-59.15	-71.90	-82.32

BEACN Wizardry & Magic ROCE % Calculation

BEACN Wizardry & Magic'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 )
	=	-0.401	/	( ( (3.364 - 0.309)	+	(4.457 - 0.689) )	/ 2 )
	=	-0.401	/	( (3.055	+	3.768)	/ 2 )
	=	-0.401	/	3.4115
	=	-11.75 %

BEACN Wizardry & Magic'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 )
	=	-2.472	/	( ( (3.335 - 0.453)	+	(3.383 - 0.259) )	/ 2 )
	=	-2.472	/	( ( 2.882	+	3.124 )	/ 2 )
	=	-2.472	/	3.003
	=	-82.32 %

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

BEACN Wizardry & Magic (TSXV:BECN) 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.

BEACN Wizardry & Magic ROCE % Related Terms

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BEACN Wizardry & Magic (TSXV:BECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BEACN Wizardry & Magic Inc (TSXV:BECN) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

3450 Uptown Boulevard, Suite 301, Victoria, BC, CAN, V8Z 0B9

Website

BEACN Wizardry & Magic Inc develops innovative audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The group delivers premium products that produce studio-quality content. Its product portfolio consists of Beacn Mic, Beacn Mix, and?Beacn Mix Create. The group has two reportable geographic segments namely North America and Other.