Volt Carbon Technologies (Volt Carbon Technologies) ROCE % : -46.64% (As of Jan. 2024)

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What is Volt Carbon Technologies 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. Volt Carbon Technologies's annualized ROCE % for the quarter that ended in Jan. 2024 was -46.64%.

Volt Carbon Technologies ROCE % Historical Data

The historical data trend for Volt Carbon Technologies'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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Volt Carbon Technologies ROCE % Chart

Volt Carbon Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-22.13

-279.18

-181.21

-85.74

-50.42

Volt Carbon Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-58.26	-62.88	-17.73	-42.55	-46.64

Volt Carbon Technologies ROCE % Calculation

Volt Carbon Technologies's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1.109	/	( ( (3.333 - 1.256)	+	(3.162 - 0.84) )	/ 2 )
	=	-1.109	/	( (2.077	+	2.322)	/ 2 )
	=	-1.109	/	2.1995
	=	-50.42 %

Volt Carbon Technologies's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.176	/	( ( (3.162 - 0.84)	+	(3.561 - 0.84) )	/ 2 )
	=	-1.176	/	( ( 2.322	+	2.721 )	/ 2 )
	=	-1.176	/	2.5215
	=	-46.64 %

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

Volt Carbon Technologies (OTCPK:TORVF) 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.

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Volt Carbon Technologies (Volt Carbon Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Carbon Technologies Inc (OTCPK:TORVF) » Definitions » ROCE %

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VCT:Canada

Address

70 Country Hills Landing NW, Suite 117, Calgary, AB, CAN, T3K 2L2

Website

https://www.voltcarbontech.com

Volt Carbon Technologies Inc is engaged in the exploration of mineral properties. The company has two operating segments. The mineral exploration and development segment focus on the acquisition and exploration of property interests that are considered potential sites of economic mineralization. The research and development segment focuses on the scientific study and technology applications for air classifier and battery development.