Argo Living Soils (XCNQ:ARGO) ROCE % : -849.23% (As of Nov. 2023)

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What is Argo Living Soils 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. Argo Living Soils's annualized ROCE % for the quarter that ended in Nov. 2023 was -849.23%.

Argo Living Soils ROCE % Historical Data

The historical data trend for Argo Living Soils'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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Argo Living Soils ROCE % Chart

Argo Living Soils Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

ROCE %

-44.06

-147.80

-113.27

-482.67

Argo Living Soils Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial										124.14	-126.73	-99.22	-67.12	-849.23

Argo Living Soils ROCE % Calculation

Argo Living Soils's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.543	/	( ( (0.184 - 0.067)	+	(0.138 - 0.03) )	/ 2 )
	=	-0.543	/	( (0.117	+	0.108)	/ 2 )
	=	-0.543	/	0.1125
	=	-482.67 %

Argo Living Soils's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-1.656	/	( ( (0.295 - 0.013)	+	(0.138 - 0.03) )	/ 2 )
	=	-1.656	/	( ( 0.282	+	0.108 )	/ 2 )
	=	-1.656	/	0.195
	=	-849.23 %

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

Argo Living Soils (XCNQ:ARGO) 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.

Argo Living Soils ROCE % Related Terms

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Argo Living Soils (XCNQ:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Argo Living Soils Corp (XCNQ:ARGO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARLSF:USA

Address

1130 Pender Street West, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://argolivingsoils.com

Argo Living Soils Corp is an agribusiness company specializing in producing and developing organic products including soil amendments, living soils, bio-fertilizers, vermicompost, and compost tea kits formulated specifically for high-value crops.

Executives

Robert Carlo Intile

Director