BEST Venture Opportunities Fund (XCNQ:BVOF.B) ROCE % : -20.77% (As of Aug. 2024)

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What is BEST Venture Opportunities Fund 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. BEST Venture Opportunities Fund's annualized ROCE % for the quarter that ended in Aug. 2024 was -20.77%.

BEST Venture Opportunities Fund ROCE % Historical Data

The historical data trend for BEST Venture Opportunities Fund'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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BEST Venture Opportunities Fund ROCE % Chart

BEST Venture Opportunities Fund Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

ROCE %

2.02

-5.63

16.22

-7.47

BEST Venture Opportunities Fund Semi-Annual Data
	Aug21	Aug22	Feb23	Aug23	Feb24	Aug24
ROCE %	Get a 7-Day Free Trial			-	-0.15	30.16	5.83	-20.77

BEST Venture Opportunities Fund ROCE % Calculation

BEST Venture Opportunities Fund's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-1.024	/	( ( (14.792 - 0.56)	+	(13.398 - 0.199) )	/ 2 )
	=	-1.024	/	( (14.232	+	13.199)	/ 2 )
	=	-1.024	/	13.7155
	=	-7.47 %

BEST Venture Opportunities Fund's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	-2.892	/	( ( (14.802 - 0.153)	+	(13.398 - 0.199) )	/ 2 )
	=	-2.892	/	( ( 14.649	+	13.199 )	/ 2 )
	=	-2.892	/	13.924
	=	-20.77 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2024) EBIT data.

BEST Venture Opportunities Fund (XCNQ:BVOF.B) 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.

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BEST Venture Opportunities Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BEST Venture Opportunities Fund Inc (XCNQ:BVOF.B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

http://www.bestfunds.ca

BEST Venture Opportunities Fund Inc is registered as a Labour Sponsored Investment Fund Corporation. The Fund seeks to achieve long-term capital appreciation by investing its assets in accordance with the requirements of the Community Small Business Investment Funds Act (Ontario) and the Income Tax Act (Canada). It diversifies its portfolio by investing in a variety of industries and stages of development including mature, expansion, acquisition, start-up and turnaround stages.

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