Syntheia (XCNQ:SYAI) ROCE % : 0.00% (As of Jun. 2024)

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What is Syntheia 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. Syntheia's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Syntheia ROCE % Historical Data

The historical data trend for Syntheia'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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Syntheia ROCE % Chart

Syntheia Annual Data

Trend

Sep22

Sep23

ROCE %

-8.91

-123.53

Syntheia Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial			-	-	-	-	-

Syntheia ROCE % Calculation

Syntheia's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-5.106	/	( ( (5.552 - 0.086)	+	(3.094 - 0.293) )	/ 2 )
	=	-5.106	/	( (5.466	+	2.801)	/ 2 )
	=	-5.106	/	4.1335
	=	-123.53 %

Syntheia's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.188	/	( ( (0.047 - 0.508)	+	(0.006 - 0.514) )	/ 2 )
	=	-0.188	/	( ( -0.461	+	-0.508 )	/ 2 )
	=	-0.188	/	-0.4845
	=	0 %

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

Syntheia (XCNQ:SYAI) 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.

Syntheia ROCE % Related Terms

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Syntheia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Syntheia Corp (XCNQ:SYAI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7YG:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.syntheia.ai

Syntheia Corp is an artificial intelligence technology company that is developing and commercializing proprietary algorithms to deliver human-like conversations. The company's SaaS platform offers conversational AI solutions for both enterprise and small-medium business customers globally. The solution provided by the company has applications in various businesses such as automotive dealerships, law firms, real estate offices, doctor's clinics, and others where its AI solution can automate essential tasks.

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