Bold Capital Enterprises (TSXV:BOLD.P) ROCE % : -35.99% (As of Dec. 2023)

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What is Bold Capital Enterprises 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. Bold Capital Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was -35.99%.

Bold Capital Enterprises ROCE % Historical Data

The historical data trend for Bold Capital Enterprises'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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Bold Capital Enterprises ROCE % Chart

Bold Capital Enterprises Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-52.45

-106.25

-12.75

-11.86

-13.91

Bold Capital Enterprises 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															-3.93	-2.48	-9.29	-7.68	-35.99

Bold Capital Enterprises ROCE % Calculation

Bold Capital Enterprises'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 )
	=	-0.21	/	( ( (1.632 - 0.017)	+	(1.439 - 0.034) )	/ 2 )
	=	-0.21	/	( (1.615	+	1.405)	/ 2 )
	=	-0.21	/	1.51
	=	-13.91 %

Bold Capital Enterprises'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 )
	=	-0.532	/	( ( (1.573 - 0.022)	+	(1.439 - 0.034) )	/ 2 )
	=	-0.532	/	( ( 1.551	+	1.405 )	/ 2 )
	=	-0.532	/	1.478
	=	-35.99 %

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

Bold Capital Enterprises (TSXV:BOLD.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.

Bold Capital Enterprises ROCE % Related Terms

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Bold Capital Enterprises (TSXV:BOLD.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bold Capital Enterprises Ltd (TSXV:BOLD.P) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

800 Victoria Square, Suite 3500, Montreal, QC, CAN, H4Z 1E9

Website

Bold Capital Enterprises Ltd is a capital pool company. The principal business of the company is the identification and evaluation of assets or businesses to complete a Qualifying Transaction.

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