Castlecap Capital (TSXV:CSTL.P) ROCE % : -14.16% (As of Sep. 2023)

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What is Castlecap Capital 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. Castlecap Capital's annualized ROCE % for the quarter that ended in Sep. 2023 was -14.16%.

Castlecap Capital ROCE % Historical Data

The historical data trend for Castlecap Capital'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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Castlecap Capital ROCE % Chart

Castlecap Capital Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-16.25

-25.28

-56.84

Castlecap Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial														-73.68	-5.84	-63.49	-6.90	-14.16

Castlecap Capital ROCE % Calculation

Castlecap Capital'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 )
	=	-0.054	/	( ( (0.127 - 0.005)	+	(0.078 - 0.01) )	/ 2 )
	=	-0.054	/	( (0.122	+	0.068)	/ 2 )
	=	-0.054	/	0.095
	=	-56.84 %

Castlecap Capital's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.008	/	( ( (0.06 - 0.002)	+	(0.06 - 0.005) )	/ 2 )
	=	-0.008	/	( ( 0.058	+	0.055 )	/ 2 )
	=	-0.008	/	0.0565
	=	-14.16 %

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

Castlecap Capital (TSXV:CSTL.P) 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.

Castlecap Capital ROCE % Related Terms

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Castlecap Capital (TSXV:CSTL.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Castlecap Capital Inc (TSXV:CSTL.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2032 45 Avenue SW, Calgary, AB, CAN, T2T 2P5

Website

Castlecap Capital Inc is a capital pool company.

Castlecap Capital (TSXV:CSTL.P) Headlines

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