CanadaBis Capital (TSXV:CANB) ROCE % : 7.20% (As of Jan. 2024)

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What is CanadaBis 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. CanadaBis Capital's annualized ROCE % for the quarter that ended in Jan. 2024 was 7.20%.

CanadaBis Capital ROCE % Historical Data

The historical data trend for CanadaBis 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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CanadaBis Capital ROCE % Chart

CanadaBis Capital Annual Data

Trend

Nov16

Dec17

Dec18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-416.60

-115.36

-57.54

32.79

59.45

CanadaBis Capital Quarterly Data
	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															75.97	47.24	47.60	25.79	7.20

CanadaBis Capital ROCE % Calculation

CanadaBis Capital's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	5.01	/	( ( (15.478 - 11.904)	+	(22.963 - 9.682) )	/ 2 )
	=	5.01	/	( (3.574	+	13.281)	/ 2 )
	=	5.01	/	8.4275
	=	59.45 %

CanadaBis Capital's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	0.98	/	( ( (24.026 - 10.294)	+	(23.494 - 9.993) )	/ 2 )
	=	0.98	/	( ( 13.732	+	13.501 )	/ 2 )
	=	0.98	/	13.6165
	=	7.20 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

CanadaBis Capital (TSXV:CANB) 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.

CanadaBis Capital ROCE % Related Terms

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CanadaBis Capital (TSXV:CANB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CanadaBis Capital Inc (TSXV:CANB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CNADF:USA

Address

PO Box 850, Rocky Mountain House, AB, CAN, T4T 1A6

Website

https://www.canadabis.com

CanadaBis Capital Inc is a vertically-integrated cannabis company. The firm engages in the production and sale of recreational cannabis. Its product line consists of Stigma Roots. It operates in three segments: wholesale, retail, and extraction and tolling. The wholesale segment cultivates and distributes cannabis and cannabis products to and through, provincial liquor and cannabis boards. Retail segment involves sale of cannabis and cannabis-related products to end consumers on-premise owned and operated by the Company. Extraction and tolling segment provides cannabinoid extraction services to other licensed producers. The company generates maximum of its revenue from Extraction and tolling.

Executives

Garfield Richards

Senior Officer