Cann-Is Capital (TSXV:NIS.P) ROCE % : 0.00% (As of Jun. 2024)

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What is Cann-Is 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. Cann-Is Capital's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Cann-Is Capital ROCE % Historical Data

The historical data trend for Cann-Is 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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Cann-Is Capital ROCE % Chart

Cann-Is Capital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-24.66

-60.32

-110.83

-623.53

Cann-Is Capital Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Cann-Is Capital ROCE % Calculation

Cann-Is Capital's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.056	/	( ( (0.044 - 0.062)	+	(0.006 - 0.081) )	/ 2 )
	=	-0.056	/	( (-0.018	+	-0.075)	/ 2 )
	=	-0.056	/	-0.0465
	=	120.43 %

Cann-Is Capital's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.072	/	( ( (0.013 - 0.096)	+	(0.012 - 0.113) )	/ 2 )
	=	-0.072	/	( ( -0.083	+	-0.101 )	/ 2 )
	=	-0.072	/	-0.092
	=	0 %

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

Cann-Is Capital (TSXV:NIS.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.

Cann-Is Capital ROCE % Related Terms

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Cann-Is Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Cann-Is Capital Corp (TSXV:NIS.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

100 King Street West, Suite 1600, 1 First Canadian Place, Toronto, ON, CAN, M5X 1G5

Website

Cann-Is Capital Corp is a capital pool company. Its business includes the identification and evaluation of assets or businesses to complete a Qualifying Transaction (QT).

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