Vext Science (XCNQ:VEXT) ROCE % : -17.55% (As of Mar. 2024)

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What is Vext Science 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. Vext Science's annualized ROCE % for the quarter that ended in Mar. 2024 was -17.55%.

Vext Science ROCE % Historical Data

The historical data trend for Vext Science'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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Vext Science ROCE % Chart

Vext Science Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.96

8.05

15.01

10.03

5.94

Vext Science Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.77	1.54	-7.04	29.00	-17.55

Vext Science ROCE % Calculation

Vext Science's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	9.625	/	( ( (163.722 - 21.373)	+	(200.65 - 18.757) )	/ 2 )
	=	9.625	/	( (142.349	+	181.893)	/ 2 )
	=	9.625	/	162.121
	=	5.94 %

Vext Science's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-31.316	/	( ( (200.65 - 18.757)	+	(196.562 - 21.609) )	/ 2 )
	=	-31.316	/	( ( 181.893	+	174.953 )	/ 2 )
	=	-31.316	/	178.423
	=	-17.55 %

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

Vext Science (XCNQ:VEXT) 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.

Vext Science ROCE % Related Terms

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Vext Science (XCNQ:VEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vext Science Inc (XCNQ:VEXT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VEXTF:USA VV5:Germany

Address

4152 N. 39th Avenue, Phoenix, AZ, USA, 85019

Website

https://www.vextscience.com

Vext Science Inc provides management, advisory, cultivation, and dispensary services to entities in the medical cannabis field. The company's expertise spans from cultivation through to retail operations. Its revenue sources include management fees, professional services, product sales, equipment leasing and property leasing.

Executives

Caroline Marie-clothilde Williams

Director

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