Chicane Capital I (TSXV:CCIC.P) ROCE % : -29.15% (As of Feb. 2024)

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What is Chicane Capital I 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. Chicane Capital I's annualized ROCE % for the quarter that ended in Feb. 2024 was -29.15%.

Chicane Capital I ROCE % Historical Data

The historical data trend for Chicane Capital I'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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Chicane Capital I ROCE % Chart

Chicane Capital I Annual Data

Trend

Aug22

Aug23

ROCE %

-32.46

Chicane Capital I Quarterly Data
	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial			-33.76	-56.71	-	-4.67	-29.15

Chicane Capital I ROCE % Calculation

Chicane Capital I's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.062	/	( ( (0.133 - 0.009)	+	(0.267 - 0.009) )	/ 2 )
	=	-0.062	/	( (0.124	+	0.258)	/ 2 )
	=	-0.062	/	0.191
	=	-32.46 %

Chicane Capital I's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.072	/	( ( (0.265 - 0.009)	+	(0.238 - 0) )	/ 2 )
	=	-0.072	/	( ( 0.256	+	0.238 )	/ 2 )
	=	-0.072	/	0.247
	=	-29.15 %

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

Chicane Capital I (TSXV:CCIC.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.

Chicane Capital I ROCE % Related Terms

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Chicane Capital I (TSXV:CCIC.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Chicane Capital I Corp (TSXV:CCIC.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Wellington Street West, Suite 4100, Toronto, ON, CAN, M5K 1B7

Website

Chicane Capital I Corp is a capital pool company.

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