Midori Carbon (XCNQ:MIDO) ROCE % : -47.69% (As of Oct. 2024)

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What is Midori Carbon 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. Midori Carbon's annualized ROCE % for the quarter that ended in Oct. 2024 was -47.69%.

Midori Carbon ROCE % Historical Data

The historical data trend for Midori Carbon'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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Midori Carbon ROCE % Chart

Midori Carbon Annual Data

Trend

Jan23

Jan24

ROCE %

-28.25

-106.42

Midori Carbon Quarterly Data
	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial				-304.00	-10.74	-23.22	-307.56	-47.69

Midori Carbon ROCE % Calculation

Midori Carbon's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-1.45	/	( ( (2.037 - 0.373)	+	(1.291 - 0.23) )	/ 2 )
	=	-1.45	/	( (1.664	+	1.061)	/ 2 )
	=	-1.45	/	1.3625
	=	-106.42 %

Midori Carbon's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-0.372	/	( ( (1.155 - 0.223)	+	(0.844 - 0.216) )	/ 2 )
	=	-0.372	/	( ( 0.932	+	0.628 )	/ 2 )
	=	-0.372	/	0.78
	=	-47.69 %

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

Midori Carbon (XCNQ:MIDO) 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.

Midori Carbon ROCE % Related Terms

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Midori Carbon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Midori Carbon Inc (XCNQ:MIDO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 Dunsmuir Street, Suite 3104, Four Bentall Centre, Vancouver, BC, CAN, V7X 1G4

Website

https://www.midoricarbon.com

Midori Carbon Inc is a carbon credit and carbon asset company, focused on the voluntary carbon credit market. The Company has two reportable operating segment, being: Investments in carbon credit technology companies; and the development and potential commercialization of its own carbon credit trading app.

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