Planet X Capital (TSXV:XOX.P) ROCE % : -5.50% (As of Mar. 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 Mar. 2024 was -5.50%.

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

ROCE %

-44.69

-14.86

Planet X Capital Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-5.21	-7.89	-44.60	-5.88	-5.50

Planet X Capital ROCE % Calculation

Planet X Capital's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.024	/	( ( (0.174 - 0.002)	+	(0.151 - 0) )	/ 2 )
	=	-0.024	/	( (0.172	+	0.151)	/ 2 )
	=	-0.024	/	0.1615
	=	-14.86 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.008	/	( ( (0.136 - 0)	+	(0.155 - 0) )	/ 2 )
	=	-0.008	/	( ( 0.136	+	0.155 )	/ 2 )
	=	-0.008	/	0.1455
	=	-5.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 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 (TSXV:XOX.P) 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

1600-609 Granville Street, Vancouver, BC, CAN, V7Y 1C3

Website

Planet X Capital Corp is a capital pool company.

Planet X Capital (TSXV:XOX.P) Headlines

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