High Tide (TSXV:HITI) ROCE % : 6.18% (As of Jan. 2024)

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What is High Tide 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. High Tide's annualized ROCE % for the quarter that ended in Jan. 2024 was 6.18%.

High Tide ROCE % Historical Data

The historical data trend for High Tide'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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High Tide ROCE % Chart

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-88.95

5.19

-20.60

-30.37

-18.95

High Tide Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-87.58	-3.70	-1.38	-	6.18

High Tide ROCE % Calculation

High Tide's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-36.961	/	( ( (274.743 - 59.941)	+	(233.401 - 58.137) )	/ 2 )
	=	-36.961	/	( (214.802	+	175.264)	/ 2 )
	=	-36.961	/	195.033
	=	-18.95 %

High Tide'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 )
	=	10.648	/	( ( (233.401 - 58.137)	+	(227.308 - 57.786) )	/ 2 )
	=	10.648	/	( ( 175.264	+	169.522 )	/ 2 )
	=	10.648	/	172.393
	=	6.18 %

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

High Tide (TSXV:HITI) 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.

High Tide ROCE % Related Terms

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High Tide (TSXV:HITI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (TSXV:HITI) » Definitions » ROCE %

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HITI:USA 2LYA:Germany

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.