Psyence Group (XCNQ:PSYG) ROCE % : -206.50% (As of Dec. 2024)

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What is Psyence Group 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. Psyence Group's annualized ROCE % for the quarter that ended in Dec. 2024 was -206.50%.

Psyence Group ROCE % Historical Data

The historical data trend for Psyence Group'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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Psyence Group ROCE % Chart

Psyence Group Annual Data

Trend

Dec19

Dec20

Mar22

Mar23

Mar24

ROCE %

-23.46

-269.57

-334.23

-287.67

Psyence Group Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial												775.82	-	-	-	-206.50

Psyence Group ROCE % Calculation

Psyence Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-69.373	/	( ( (4.001 - 2.622)	+	(3.272 - 15.073) )	/ 2 )
	=	-69.373	/	( (1.379	+	-11.801)	/ 2 )
	=	-69.373	/	-5.211
	=	1,331.28 %

Psyence Group's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-12.048	/	( ( (4.173 - 3.349)	+	(11.944 - 1.099) )	/ 2 )
	=	-12.048	/	( ( 0.824	+	10.845 )	/ 2 )
	=	-12.048	/	5.8345
	=	-206.50 %

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

Psyence Group (XCNQ:PSYG) 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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Psyence Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Psyence Group Inc (XCNQ:PSYG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PSYGF:USA

Address

121 Richmond Street West, Penthouse Suite, 1300, Toronto, ON, CAN, M5H 2K1

Website

https://www.psyence.com

Psyence Group Inc is a life science biotechnology company focused on the research, cultivation, and production of psychedelics and nature-based compounds to treat psychological trauma in the context of palliative care and in support of mental wellness.

Executives

Jody Aufrichtig	Director, Senior Officer
Warwick Corden-lloyd	Senior Officer
Neil Maresky	Senior Officer

Psyence Group Headlines

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