Cashbox Ventures (XCNQ:CBOX.X) ROCE % : -85.65% (As of Dec. 2022)

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What is Cashbox Ventures 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. Cashbox Ventures's annualized ROCE % for the quarter that ended in Dec. 2022 was -85.65%.

Cashbox Ventures ROCE % Historical Data

The historical data trend for Cashbox Ventures'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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Cashbox Ventures ROCE % Chart

Cashbox Ventures Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-1,700.39

-1,159.67

122.60

-95.91

Cashbox Ventures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial										-242.66	21.02	-280.80	-87.54	-85.65

Cashbox Ventures ROCE % Calculation

Cashbox Ventures's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-2.3	/	( ( (4.53 - 0.992)	+	(1.359 - 0.101) )	/ 2 )
	=	-2.3	/	( (3.538	+	1.258)	/ 2 )
	=	-2.3	/	2.398
	=	-95.91 %

Cashbox Ventures's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-1.176	/	( ( (1.495 - 0.007)	+	(1.359 - 0.101) )	/ 2 )
	=	-1.176	/	( ( 1.488	+	1.258 )	/ 2 )
	=	-1.176	/	1.373
	=	-85.65 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Cashbox Ventures (XCNQ:CBOX.X) 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.

Cashbox Ventures ROCE % Related Terms

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Cashbox Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cashbox Ventures Ltd (XCNQ:CBOX.X) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

666 Burrard Street, 2800 Park Place, Vancouver, BC, CAN, V6C 2Z7

Website

https://www.wikileaf.com

Cashbox Ventures Ltd formerly Wikileaf Technologies Inc is engaged in providing a price comparison platform for recreational and medicinal cannabis consumers. It provides consumers with instant price comparisons among dispensaries in their vicinity.

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