Zoglos Food (XCNQ:ZOG) ROCE % : -361.90% (As of Sep. 2024)

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What is Zoglos Food 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. Zoglos Food's annualized ROCE % for the quarter that ended in Sep. 2024 was -361.90%.

Zoglos Food ROCE % Historical Data

The historical data trend for Zoglos Food'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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Zoglos Food ROCE % Chart

Zoglos Food Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-217.88

-34.54

Zoglos Food Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-	-	-	-579.68	-361.90

Zoglos Food ROCE % Calculation

Zoglos Food'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 )
	=	-0.224	/	( ( (0.36 - 0.93)	+	(0.057 - 0.709) )	/ 2 )
	=	-0.224	/	( (-0.57	+	-0.652)	/ 2 )
	=	-0.224	/	-0.611
	=	36.66 %

Zoglos Food'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 )
	=	-0.076	/	( ( (0.057 - 0.026)	+	(0.031 - 0.02) )	/ 2 )
	=	-0.076	/	( ( 0.031	+	0.011 )	/ 2 )
	=	-0.076	/	0.021
	=	-361.90 %

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

Zoglos Food (XCNQ:ZOG) 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.

Zoglos Food ROCE % Related Terms

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Zoglos Food Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Zoglos Food Corp (XCNQ:ZOG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

G8I:Germany

Address

1055 West Georgia Street, Suite 2050, Royal Centre, Markham, ON, CAN, V6E 3P3

Website

https://www.zoglos.com

Zoglos Food Corp is currently going through a reorganization, previously it operated as a plant-based protein foods company that is in the business of designing, developing, producing, distributing, and selling plant-based meat alternative products. Its products fall into three main categories: plant-based meats; appetizers; and veggies.

Executives

Hari Varshney	Director
Peeyush Kumar Varshney	Director, Senior Officer
Varshney Capital Corp.	10% Security Holder

Zoglos Food Headlines

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