AI/ML Innovations (XCNQ:AIML) ROCE % : 0.00% (As of Oct. 2024)

View and export this data going back to 1983. Start your Free Trial

What is AI/ML Innovations 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. AI/ML Innovations's annualized ROCE % for the quarter that ended in Oct. 2024 was 0.00%.

AI/ML Innovations ROCE % Historical Data

The historical data trend for AI/ML Innovations'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.

* Premium members only.

AI/ML Innovations ROCE % Chart

AI/ML Innovations Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

Get a 7-Day Free Trial

-1,808.44

-257.22

-956.00

AI/ML Innovations Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-282.46	-353.46	-	-	-

AI/ML Innovations ROCE % Calculation

AI/ML Innovations's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-3.238	/	( ( (1.508 - 1.788)	+	(0.33 - 1.54) )	/ 2 )
	=	-3.238	/	( (-0.28	+	-1.21)	/ 2 )
	=	-3.238	/	-0.745
	=	434.63 %

AI/ML Innovations's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-3.88	/	( ( (0.835 - 0.861)	+	(1.735 - 1.731) )	/ 2 )
	=	-3.88	/	( ( -0.026	+	0.004 )	/ 2 )
	=	-3.88	/	-0.011
	=	0 %

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

AI/ML Innovations (XCNQ:AIML) 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.

AI/ML Innovations ROCE % Related Terms

Thank you for viewing the detailed overview of AI/ML Innovations's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

AI/ML Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » AI/ML Innovations Inc (XCNQ:AIML) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AIMLF:USA 42F:Germany

Address

645 Fort Street, Suite 203, Victoria, BC, CAN, V8W 1G2

Website

https://www.aiml-innovations.com

AI/ML Innovations Inc is a holding company. The company along with its subsidiaries is engaged in the research and development of health and wearable technologies, and the sale of licenses and consulting services related to those technologies.

Executives

Sheldon Inwentash	10% Security Holder
Threed Capital Inc.	10% Security Holder
Esmatullah Naikyar	Senior Officer

AI/ML Innovations Headlines

No Headlines