Zidane Capital (TSXV:ZZE.H) ROCE % : 0.00% (As of Jan. 2024)

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What is Zidane 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. Zidane Capital's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Zidane Capital ROCE % Historical Data

The historical data trend for Zidane 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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Zidane Capital ROCE % Chart

Zidane Capital Annual Data

Trend

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Jan24

ROCE %

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Zidane Capital Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Zidane Capital ROCE % Calculation

Zidane Capital's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-0.023	/	( ( (0.004 - 0.043)	+	(0.001 - 0.063) )	/ 2 )
	=	-0.023	/	( (-0.039	+	-0.062)	/ 2 )
	=	-0.023	/	-0.0505
	=	45.54 %

Zidane Capital's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.028	/	( ( (0.001 - 0.057)	+	(0.001 - 0.063) )	/ 2 )
	=	-0.028	/	( ( -0.056	+	-0.062 )	/ 2 )
	=	-0.028	/	-0.059
	=	0 %

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

Zidane Capital (TSXV:ZZE.H) 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.

Zidane Capital ROCE % Related Terms

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Zidane Capital (TSXV:ZZE.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Zidane Capital Corp (TSXV:ZZE.H) » Definitions » ROCE %

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Address

889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2

Website

Zidane Capital Corp is a capital pool company.

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