Zedcor (TSXV:ZDC) ROCE % : -5.04% (As of Dec. 2023)

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What is Zedcor 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. Zedcor's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.04%.

Zedcor ROCE % Historical Data

The historical data trend for Zedcor'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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Zedcor ROCE % Chart

Zedcor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.06

4.88

7.72

25.75

14.25

Zedcor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															23.05	16.89	39.53	9.03	-5.04

Zedcor ROCE % Calculation

Zedcor'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 )
	=	4.185	/	( ( (32.578 - 7.379)	+	(42.971 - 9.451) )	/ 2 )
	=	4.185	/	( (25.199	+	33.52)	/ 2 )
	=	4.185	/	29.3595
	=	14.25 %

Zedcor's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.636	/	( ( (40.475 - 9.013)	+	(42.971 - 9.451) )	/ 2 )
	=	-1.636	/	( ( 31.462	+	33.52 )	/ 2 )
	=	-1.636	/	32.491
	=	-5.04 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Zedcor (TSXV:ZDC) 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.

Zedcor ROCE % Related Terms

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Zedcor (TSXV:ZDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zedcor Inc (TSXV:ZDC) » Definitions » ROCE %

Comparable Companies

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CRFQF:USA

Address

151 Canada Olympic Road SW, Suite 300, Calgary, AB, CAN, T3B 6B7

Website

https://www.zedcor.ca

Zedcor Inc is engaged in providing security & surveillance services, and rental of surface equipment & accommodations in Western Canada. The company operates in one segment namely, Security & Surveillance. The firm offers three main services to customers across all market segments such as surveillance and live monitoring through its proprietary MobileyeZ security towers; surveillance and live monitoring of fixed site locations; and security personnel.

Executives

Todd Ziniuk

Senior Officer

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