V Ten Capital (TSXV:VTEN.P) ROCE % : -36.99% (As of Sep. 2024)

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What is V Ten 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. V Ten Capital's annualized ROCE % for the quarter that ended in Sep. 2024 was -36.99%.

V Ten Capital ROCE % Historical Data

The historical data trend for V Ten 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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V Ten Capital ROCE % Chart

V Ten Capital Annual Data

Trend

Mar23

Mar24

ROCE %

-76.45

V Ten Capital Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-68.39	-23.17	-14.29	-5.85	-36.99

V Ten Capital ROCE % Calculation

V Ten Capital's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.099	/	( ( (0.15 - 0.166)	+	(0.275 - 0) )	/ 2 )
	=	-0.099	/	( (-0.016	+	0.275)	/ 2 )
	=	-0.099	/	0.1295
	=	-76.45 %

V Ten Capital's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.096	/	( ( (0.272 - 0)	+	(0.265 - 0.018) )	/ 2 )
	=	-0.096	/	( ( 0.272	+	0.247 )	/ 2 )
	=	-0.096	/	0.2595
	=	-36.99 %

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

V Ten Capital (TSXV:VTEN.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.

V Ten Capital ROCE % Related Terms

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V Ten Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » V Ten Capital Corp (TSXV:VTEN.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

V Ten Capital Corp is a capital pool company.

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