Mercanto Holdings (TSXV:MUSH) ROCE % : -39.29% (As of Oct. 2024)

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What is Mercanto 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. Mercanto Holdings's annualized ROCE % for the quarter that ended in Oct. 2024 was -39.29%.

Mercanto Holdings ROCE % Historical Data

The historical data trend for Mercanto 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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Mercanto Holdings ROCE % Chart

Mercanto Holdings Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

ROCE %

-189.23

-109.39

-63.32

8.49

Mercanto Holdings Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial											71.89	38.19	19.56	-83.35	-39.29

Mercanto Holdings ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	0.045	/	( ( (1.444 - 0.967)	+	(1.483 - 0.9) )	/ 2 )
	=	0.045	/	( (0.477	+	0.583)	/ 2 )
	=	0.045	/	0.53
	=	8.49 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-0.22	/	( ( (1.483 - 0.9)	+	(1.405 - 0.868) )	/ 2 )
	=	-0.22	/	( ( 0.583	+	0.537 )	/ 2 )
	=	-0.22	/	0.56
	=	-39.29 %

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

Mercanto Holdings (TSXV:MUSH) 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.

Mercanto Holdings ROCE % Related Terms

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Mercanto Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Mercanto Holdings Inc (TSXV:MUSH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.mercantoholdings.com

Mercanto Holdings Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The company offers quality products that promote health, recreation, and well-being. The portfolio of the company includes different cannabis products, probiotic, functional mushroom beverages, and others.

Executives

Eric Ronsse	Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Claude Dufresne	Director
Scott Jardin	Senior Officer

Mercanto Holdings Headlines

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