Indigenous Bloom Hemp (XCNQ:IBH) ROCE % : 0.00% (As of Feb. 2023)

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What is Indigenous Bloom Hemp 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. Indigenous Bloom Hemp's annualized ROCE % for the quarter that ended in Feb. 2023 was 0.00%.

Indigenous Bloom Hemp ROCE % Historical Data

The historical data trend for Indigenous Bloom Hemp'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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Indigenous Bloom Hemp ROCE % Chart

Indigenous Bloom Hemp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

May22

ROCE %

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-328.01

-163.88

Indigenous Bloom Hemp Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Nov21	Feb22	May22	Aug22	Feb23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Indigenous Bloom Hemp ROCE % Calculation

Indigenous Bloom Hemp's annualized ROCE % for the fiscal year that ended in May. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2022 )		(A: Apr. 2021 )		(A: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2022 )		(A: Apr. 2021 )		(A: May. 2022 )
	=	-2.282	/	( ( (0.001 - 1.295)	+	(0.76 - 2.763) )	/ 2 )
	=	-2.282	/	( (-1.294	+	-2.003)	/ 2 )
	=	-2.282	/	-1.6485
	=	138.43 %

Indigenous Bloom Hemp's ROCE % of for the quarter that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2023 )		(Q: Aug. 2022 )		(Q: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2023 )		(Q: Aug. 2022 )		(Q: Feb. 2023 )
	=	-0.204	/	( ( (0.625 - 3.17)	+	(0.561 - 3.323) )	/ 2 )
	=	-0.204	/	( ( -2.545	+	-2.762 )	/ 2 )
	=	-0.204	/	-2.6535
	=	0 %

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

Indigenous Bloom Hemp (XCNQ:IBH) 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.

Indigenous Bloom Hemp ROCE % Related Terms

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Indigenous Bloom Hemp (XCNQ:IBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Indigenous Bloom Hemp Corp (XCNQ:IBH) » Definitions » ROCE %

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VRTHF:USA

Address

3200-650 West Georgia Street, Vancouver, BC, CAN, V6B 4P7

Website

https://www.indigenousbloomcorporate.com

Indigenous Bloom Hemp Corp is in business to produce and sell hemp extracts. It is engaged in the farming and cultivation of hemp biomass for third-party processing to extract cannabidiol (CBD) oils, distillate or isolate. The resulting solution can then be used for the production of many CBD products.

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