Blender Bites (XCNQ:BITE) ROCE % : -38.03% (As of Apr. 2024)

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What is Blender Bites 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. Blender Bites's annualized ROCE % for the quarter that ended in Apr. 2024 was -38.03%.

Blender Bites ROCE % Historical Data

The historical data trend for Blender Bites'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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Blender Bites ROCE % Chart

Blender Bites Annual Data

Trend

Nov14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Oct21

Oct22

Oct23

ROCE %

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-206.51

-327.17

-821.01

-198.58

-481.29

Blender Bites Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial															-664.04	-744.37	-243.30	-45.83	-38.03

Blender Bites ROCE % Calculation

Blender Bites's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-8.478	/	( ( (1.753 - 0.777)	+	(4.547 - 2) )	/ 2 )
	=	-8.478	/	( (0.976	+	2.547)	/ 2 )
	=	-8.478	/	1.7615
	=	-481.29 %

Blender Bites's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	-2.18	/	( ( (7.638 - 1.667)	+	(9.102 - 3.607) )	/ 2 )
	=	-2.18	/	( ( 5.971	+	5.495 )	/ 2 )
	=	-2.18	/	5.733
	=	-38.03 %

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

Blender Bites (XCNQ:BITE) 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.

Blender Bites ROCE % Related Terms

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