Aneesh Capital (TSXV:EESH.P) ROCE % : -27.15% (As of Nov. 2023)

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What is Aneesh 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. Aneesh Capital's annualized ROCE % for the quarter that ended in Nov. 2023 was -27.15%.

Aneesh Capital ROCE % Historical Data

The historical data trend for Aneesh 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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Aneesh Capital ROCE % Chart

Aneesh Capital Annual Data

Trend

Feb21

Feb22

Feb23

ROCE %

-8.42

-65.28

-22.75

Aneesh Capital Quarterly Data
	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial									-17.67	-36.13	-18.39	-33.17	-27.15

Aneesh Capital ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-0.057	/	( ( (0.29 - 0.011)	+	(0.235 - 0.013) )	/ 2 )
	=	-0.057	/	( (0.279	+	0.222)	/ 2 )
	=	-0.057	/	0.2505
	=	-22.75 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.052	/	( ( (0.211 - 0.014)	+	(0.187 - 0.001) )	/ 2 )
	=	-0.052	/	( ( 0.197	+	0.186 )	/ 2 )
	=	-0.052	/	0.1915
	=	-27.15 %

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

Aneesh Capital (TSXV:EESH.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.

Aneesh Capital ROCE % Related Terms

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Aneesh Capital (TSXV:EESH.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aneesh Capital Corp (TSXV:EESH.P) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1055 West Georgia, Suite 2050, Vancouver, BC, CAN, V6E 3P3

Website

Aneesh Capital Corp is a capital pool company.

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