Planet X Capital (TSXV:XOX.P) ROCE % : -26.87% (As of Dec. 2024)

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What is Planet X 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. Planet X Capital's annualized ROCE % for the quarter that ended in Dec. 2024 was -26.87%.

Planet X Capital ROCE % Historical Data

The historical data trend for Planet X 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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Planet X Capital ROCE % Chart

Planet X Capital Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-44.69

-14.86

-15.13

Planet X Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial										-5.88	-5.50	-7.79	-49.48	-26.87

Planet X Capital ROCE % Calculation

Planet X Capital's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.023	/	( ( (0.151 - 0)	+	(0.154 - 0.001) )	/ 2 )
	=	-0.023	/	( (0.151	+	0.153)	/ 2 )
	=	-0.023	/	0.152
	=	-15.13 %

Planet X Capital's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-0.036	/	( ( (0.144 - 0.006)	+	(0.13 - 0) )	/ 2 )
	=	-0.036	/	( ( 0.138	+	0.13 )	/ 2 )
	=	-0.036	/	0.134
	=	-26.87 %

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

Planet X Capital (TSXV:XOX.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.

Planet X Capital ROCE % Related Terms

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Planet X Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Planet X Capital Corp (TSXV:XOX.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

Planet X Capital Corp is a capital pool company.

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