Auxly Cannabis Group (TSX:XLY) ROCE % : -110.99% (As of Dec. 2023)

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What is Auxly Cannabis Group 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. Auxly Cannabis Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -110.99%.

Auxly Cannabis Group ROCE % Historical Data

The historical data trend for Auxly Cannabis Group'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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Auxly Cannabis Group ROCE % Chart

Auxly Cannabis Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-26.37

-20.58

-8.92

-36.16

-11.22

Auxly Cannabis Group 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															-18.63	-7.62	-11.42	73.12	-110.99

Auxly Cannabis Group ROCE % Calculation

Auxly Cannabis Group'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 )
	=	-22.098	/	( ( (331.82 - 92.685)	+	(261.904 - 106.972) )	/ 2 )
	=	-22.098	/	( (239.135	+	154.932)	/ 2 )
	=	-22.098	/	197.0335
	=	-11.22 %

Auxly Cannabis Group'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 )
	=	-201.94	/	( ( (304.923 - 95.962)	+	(261.904 - 106.972) )	/ 2 )
	=	-201.94	/	( ( 208.961	+	154.932 )	/ 2 )
	=	-201.94	/	181.9465
	=	-110.99 %

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

Auxly Cannabis Group (TSX:XLY) 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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Auxly Cannabis Group (TSX:XLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Auxly Cannabis Group Inc (TSX:XLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CBWTF:USA 3KF:Germany

Address

777 Richmond Street West, Unit 002, Toronto, ON, CAN, M6J 0C2

Website

https://www.auxly.com

Auxly Cannabis Group Inc is a consumer-packaged-goods company in the cannabis products market. The company's focus is on developing, manufacturing, and distributing branded cannabis products. The group activities operate through two segments which include Canadian Cannabis operations, and South American Cannabis operations.