Eureka Capital (TSXV:EBCD.P) ROCE % : -29.28% (As of Dec. 2023)

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What is Eureka 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. Eureka Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -29.28%.

Eureka Capital ROCE % Historical Data

The historical data trend for Eureka 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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Eureka Capital ROCE % Chart

Eureka Capital Annual Data

Trend

Dec22

Dec23

ROCE %

-42.28

Eureka Capital Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	-	-99.85	-9.36	-0.73	-29.28

Eureka Capital ROCE % Calculation

Eureka Capital'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 )
	=	-0.137	/	( ( (0.108 - 0.005)	+	(0.547 - 0.002) )	/ 2 )
	=	-0.137	/	( (0.103	+	0.545)	/ 2 )
	=	-0.137	/	0.324
	=	-42.28 %

Eureka Capital'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 )
	=	-0.16	/	( ( (0.549 - 0.001)	+	(0.547 - 0.002) )	/ 2 )
	=	-0.16	/	( ( 0.548	+	0.545 )	/ 2 )
	=	-0.16	/	0.5465
	=	-29.28 %

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

Eureka Capital (TSXV:EBCD.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.

Eureka Capital ROCE % Related Terms

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Eureka Capital (TSXV:EBCD.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Eureka Capital Corp (TSXV:EBCD.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Royal Vista Way, Suite 1214, Calgary, AB, CAN, T3R 0N2

Website

Eureka Capital Corp is a a capital pool company.

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