Vibe Growth (XCNQ:VIBE) ROCE % : -34.08% (As of Sep. 2024)

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What is Vibe Growth 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. Vibe Growth's annualized ROCE % for the quarter that ended in Sep. 2024 was -34.08%.

Vibe Growth ROCE % Historical Data

The historical data trend for Vibe Growth'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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Vibe Growth ROCE % Chart

Vibe Growth Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-166.10

22.66

-12.35

-41.65

-100.21

Vibe Growth Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-32.03	-371.68	-44.69	-18.65	-34.08

Vibe Growth ROCE % Calculation

Vibe Growth'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 )
	=	-13.341	/	( ( (35.173 - 13.756)	+	(21.84 - 16.63) )	/ 2 )
	=	-13.341	/	( (21.417	+	5.21)	/ 2 )
	=	-13.341	/	13.3135
	=	-100.21 %

Vibe Growth's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.196	/	( ( (20.823 - 17.13)	+	(20.645 - 17.319) )	/ 2 )
	=	-1.196	/	( ( 3.693	+	3.326 )	/ 2 )
	=	-1.196	/	3.5095
	=	-34.08 %

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

Vibe Growth (XCNQ:VIBE) 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.

Vibe Growth ROCE % Related Terms

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Vibe Growth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vibe Growth Corp (XCNQ:VIBE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VIBEF:USA 3ST:Germany

Address

997 Seymour Street, Suite 250, Vancouver, BC, CAN, V6B3M1

Website

https://www.vibebycalifornia.com

Vibe Growth Corp is engaged in the evaluation, acquiring, and developing cannabis cultivation, distribution, and manufacturing assets and retail cannabis dispensaries, predominantly in the U.S., in order to become a vertically integrated cannabis operator. The Company currently operates five dispensaries, one distribution and two cultivation operations in the State of California plus one dispensary in Portland, Oregon.

Executives

Hadron Capital (cayman) Limited	10% Security Holder
Michal Jozef Holub	Senior Officer
Joseph Starr	10% Security Holder, Senior Officer
Mark William Waldron	10% Security Holder, Director, Senior Officer

Vibe Growth Headlines

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