Blue Wave Water Capital (XTAE:BLWV-M) ROCE % : -237.11% (As of Jun. 2024)

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What is Blue Wave Water Capital 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. Blue Wave Water Capital's annualized ROCE % for the quarter that ended in Jun. 2024 was -237.11%.

Blue Wave Water Capital ROCE % Historical Data

The historical data trend for Blue Wave Water Capital'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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Blue Wave Water Capital ROCE % Chart

Blue Wave Water Capital Annual Data

Trend

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-177.50

14.85

-57.29

-121.89

-167.88

Blue Wave Water Capital Semi-Annual Data
	Dec08	Dec09	Jun10	Dec10	Jun11	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-46.26	-213.89	-11.08	-662.46	-237.11

Blue Wave Water Capital ROCE % Calculation

Blue Wave Water Capital'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 )
	=	-9.602	/	( ( (18.075 - 7.782)	+	(7.102 - 5.956) )	/ 2 )
	=	-9.602	/	( (10.293	+	1.146)	/ 2 )
	=	-9.602	/	5.7195
	=	-167.88 %

Blue Wave Water Capital'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1.802	/	( ( (7.102 - 5.956)	+	(2.175 - 1.801) )	/ 2 )
	=	-1.802	/	( ( 1.146	+	0.374 )	/ 2 )
	=	-1.802	/	0.76
	=	-237.11 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Blue Wave Water Capital (XTAE:BLWV-M) 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.

Blue Wave Water Capital ROCE % Related Terms

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Blue Wave Water Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Blue Wave Water Capital Ltd (XTAE:BLWV-M) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ramat Yishai, PO Box 305, Kiryat Tivon, ISR, 3601201

Website

https://www.pharmocann.co.il

Blue Wave Water Capital Ltd Formerly Pharmocann Global Ltd is an Israel-based company engaged in producing medical-related cannabis products which include oil, ointments, tablets, inhalers, rectal and vaginal suppositories, and pre-rolled cigarettes of various types of THC/CBD strains.

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