Canso Select Opportunities (TSXV:CSOC.A) ROCE % : 43.77% (As of Dec. 2023)

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What is Canso Select Opportunities 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. Canso Select Opportunities's annualized ROCE % for the quarter that ended in Dec. 2023 was 43.77%.

Canso Select Opportunities ROCE % Historical Data

The historical data trend for Canso Select Opportunities'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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Canso Select Opportunities ROCE % Chart

Canso Select Opportunities Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.46

-5.15

0.39

1.73

12.36

Canso Select Opportunities 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															38.72	0.41	-0.68	3.58	43.77

Canso Select Opportunities ROCE % Calculation

Canso Select Opportunities'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 )
	=	2.588	/	( ( (13.785 - 0.179)	+	(28.361 - 0.095) )	/ 2 )
	=	2.588	/	( (13.606	+	28.266)	/ 2 )
	=	2.588	/	20.936
	=	12.36 %

Canso Select Opportunities'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 )
	=	11.788	/	( ( (25.629 - 0.036)	+	(28.361 - 0.095) )	/ 2 )
	=	11.788	/	( ( 25.593	+	28.266 )	/ 2 )
	=	11.788	/	26.9295
	=	43.77 %

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

Canso Select Opportunities (TSXV:CSOC.A) 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.

Canso Select Opportunities ROCE % Related Terms

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Canso Select Opportunities (TSXV:CSOC.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canso Select Opportunities Corp (TSXV:CSOC.A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CSOC.B:Canada

Address

100 York Boulevard, Suite 550, Richmond Hill, ON, CAN, L4B 1J8

Website

https://www.selectopportunitiescorporation.com

Canso Select Opportunities Corp is an Ontario-based investment corporation. Its investment objective is to provide capital gains and dividend income to its shareholders. The corporation evaluates potential investments in debt, public and private equity, and other securities. The deployment of funds to new investments depends on both the attractiveness of new investment opportunities and the availability of capital as generated from the realization of value from existing portfolio investments.

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