Canfor Pulp Products (TSX:CFX) ROCE % : -15.28% (As of Dec. 2023)

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What is Canfor Pulp Products 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. Canfor Pulp Products's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.28%.

Canfor Pulp Products ROCE % Historical Data

The historical data trend for Canfor Pulp Products'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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Canfor Pulp Products ROCE % Chart

Canfor Pulp Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.66

-3.33

-7.76

-15.82

-24.02

Canfor Pulp Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-58.54	-15.79	-26.94	-40.83	-15.28

Canfor Pulp Products ROCE % Calculation

Canfor Pulp Products'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 )
	=	-119.9	/	( ( (756 - 166)	+	(675.8 - 267.5) )	/ 2 )
	=	-119.9	/	( (590	+	408.3)	/ 2 )
	=	-119.9	/	499.15
	=	-24.02 %

Canfor Pulp Products's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-64	/	( ( (649.6 - 220.4)	+	(675.8 - 267.5) )	/ 2 )
	=	-64	/	( ( 429.2	+	408.3 )	/ 2 )
	=	-64	/	418.75
	=	-15.28 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Canfor Pulp Products (TSX:CFX) 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.

Canfor Pulp Products ROCE % Related Terms

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Canfor Pulp Products (TSX:CFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Canfor Pulp Products Inc (TSX:CFX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CFPUF:USA 8CP:Germany

Address

100-1700 West 75th Avenue, Vancouver, BC, CAN, V6P 6G2

Website

https://www.canfor.com

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates Majority of the revenue. Canfor Pulp's NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Majority of Canfor Pulp's revenue comes from Asia. The majority of the company's shares are owned by Canfor Corporation.

Canfor Pulp Products (TSX:CFX) Headlines

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