Miivo Holdings (TSXV:MIVO) ROCE % : -68.05% (As of Nov. 2024)

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What is Miivo Holdings 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. Miivo Holdings's annualized ROCE % for the quarter that ended in Nov. 2024 was -68.05%.

Miivo Holdings ROCE % Historical Data

The historical data trend for Miivo Holdings'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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Miivo Holdings ROCE % Chart

Miivo Holdings Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

ROCE %

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-6.64

-29.28

-172.56

Miivo Holdings Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-68.05

Miivo Holdings ROCE % Calculation

Miivo Holdings's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	-0.035	/	( ( (0.034 - 0.11)	+	(0.045 - 0.162) )	/ 2 )
	=	-0.035	/	( (-0.076	+	-0.117)	/ 2 )
	=	-0.035	/	-0.0965
	=	36.27 %

Miivo Holdings's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.344	/	( ( (0.029 - 0.038)	+	(1.07 - 0.05) )	/ 2 )
	=	-0.344	/	( ( -0.009	+	1.02 )	/ 2 )
	=	-0.344	/	0.5055
	=	-68.05 %

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

Miivo Holdings (TSXV:MIVO) 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.

Miivo Holdings ROCE % Related Terms

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Miivo Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Miivo Holdings Corp (TSXV:MIVO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2110 – 650 West Georgia Street, Vancouver, BC, CAN, V6B 4N8

Website

Miivo Holdings Corp formerly, Esstra Industries Inc is a Canada-based company engaged in the business of managing a portfolio of investments. Principally, it is involved in the investment sector. The company's operations include investment in marketable securities, real estate ventures, real estate developments, and providing consulting and office services.

Executives

Glenn Olnick	10% Security Holder
Wynne Olnick	10% Security Holder

Miivo Holdings Headlines

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