Cantourage Group SE (XTER:HIGH) ROCE % : 0.13% (As of Jun. 2023)

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What is Cantourage Group SE 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. Cantourage Group SE's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.13%.

Cantourage Group SE ROCE % Historical Data

The historical data trend for Cantourage Group SE'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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Cantourage Group SE ROCE % Chart

Cantourage Group SE Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-17.40

-44.37

-34.13

0.12

Cantourage Group SE Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-	-	-	0.13	0.13

Cantourage Group SE ROCE % Calculation

Cantourage Group SE's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.029	/	( ( (4.873 - 0.906)	+	(44.785 - 0.289) )	/ 2 )
	=	0.029	/	( (3.967	+	44.496)	/ 2 )
	=	0.029	/	24.2315
	=	0.12 %

Cantourage Group SE's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0.056	/	( ( (44.785 - 0.289)	+	(44.971 - 0.365) )	/ 2 )
	=	0.056	/	( ( 44.496	+	44.606 )	/ 2 )
	=	0.056	/	44.551
	=	0.13 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Cantourage Group SE (XTER:HIGH) 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.

Cantourage Group SE ROCE % Related Terms

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Cantourage Group SE (XTER:HIGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cantourage Group SE (XTER:HIGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HIGH:Germany

Address

Feurigstrasse 54, Berlin, DEU, 10827

Website

https://www.cantourage.com

Cantourage Group SE is a medical cannabis company. The company offers products in all relevant market segments: dried flowers, extracts, Dronabinol, and pharma-grade Cannabidiol.

Executives

Patrick Hoffmann	Supervisory Board
Dr. Florian Kainzinger	Supervisory Board
Dr. / Dr. Florian / Michael Kainzinger / Ruoff	Supervisory Board
Dr. / Dr. Florian /michael Kainzinger / Ruoff	Supervisory Board
Dr. / Herr Florian / Patrick Holzapfel / Hoffmann	Supervisory Board
Dr. Florian Holzapfel	Supervisory Board
Dr. Michael Ruoff	Supervisory Board