Mojave Brands (XCNQ:MOJO) ROCE % : -290.76% (As of Feb. 2024)

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What is Mojave Brands 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. Mojave Brands's annualized ROCE % for the quarter that ended in Feb. 2024 was -290.76%.

Mojave Brands ROCE % Historical Data

The historical data trend for Mojave Brands'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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Mojave Brands ROCE % Chart

Mojave Brands Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-30.94

-93.55

-31.22

1.41

-31.91

Mojave Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-28.53	-42.68	-46.07	-158.33	-290.76

Mojave Brands ROCE % Calculation

Mojave Brands's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.22	/	( ( (0.884 - 0.14)	+	(0.692 - 0.057) )	/ 2 )
	=	-0.22	/	( (0.744	+	0.635)	/ 2 )
	=	-0.22	/	0.6895
	=	-31.91 %

Mojave Brands's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-1.384	/	( ( (0.454 - 0.033)	+	(0.6 - 0.069) )	/ 2 )
	=	-1.384	/	( ( 0.421	+	0.531 )	/ 2 )
	=	-1.384	/	0.476
	=	-290.76 %

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

Mojave Brands (XCNQ:MOJO) 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.

Mojave Brands ROCE % Related Terms

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Mojave Brands (XCNQ:MOJO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Mojave Brands Inc (XCNQ:MOJO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HHPHF:USA 0HC0:Germany

Address

1055 W. Georgia Street, Suite 2050, P.O. Box 11121, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.mojavejane.com

Mojave Brands Inc is a Canada-based cannabis company serving California's recreational markets. The company's assets are set up as a vertical stack including cultivation to scale, branding, packaging, manufacturing and processing, a distribution arm, and the edibles brand CaliGold. Operating out of licensed strategic locations, the company is leveraging its consumer and brand-focused business model to generate sustainable profits by delivering a quality product.

Executives

Peeyush Kumar Varshney

Director