Boba Mint Holdings (XCNQ:TNJ) ROCE % : -20.25% (As of Dec. 2023)

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What is Boba Mint Holdings 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. Boba Mint Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.25%.

Boba Mint Holdings ROCE % Historical Data

The historical data trend for Boba Mint Holdings'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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Boba Mint Holdings ROCE % Chart

Boba Mint Holdings Annual Data

Trend

Jun22

Jun23

ROCE %

-63.21

-40.18

Boba Mint Holdings Quarterly Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-15.15	-	-20.25

Boba Mint Holdings ROCE % Calculation

Boba Mint Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.464	/	( ( (4.439 - 0.136)	+	(3.659 - 0.675) )	/ 2 )
	=	-1.464	/	( (4.303	+	2.984)	/ 2 )
	=	-1.464	/	3.6435
	=	-40.18 %

Boba Mint Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.572	/	( ( (3.659 - 0.675)	+	(3.702 - 1.037) )	/ 2 )
	=	-0.572	/	( ( 2.984	+	2.665 )	/ 2 )
	=	-0.572	/	2.8245
	=	-20.25 %

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

Boba Mint Holdings (XCNQ:TNJ) 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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Boba Mint Holdings (XCNQ:TNJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Boba Mint Holdings Ltd (XCNQ:TNJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

84L0:Germany

Address

1100 – 1111 Melville Street, Vancouver, BC, CAN, V6E 3V6

Website

Boba Mint Holdings Ltd is a mineral exploration company focused on acquiring, exploring, and developing gold projects in Quebec, Canada.

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