Bactech Environmental (XCNQ:BAC) ROCE % : 0.00% (As of Mar. 2024)

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What is Bactech Environmental 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. Bactech Environmental's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Bactech Environmental ROCE % Historical Data

The historical data trend for Bactech Environmental'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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Bactech Environmental ROCE % Chart

Bactech Environmental Annual Data

Trend

Dec14

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Dec23

ROCE %

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Bactech Environmental Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Bactech Environmental ROCE % Calculation

Bactech Environmental'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 )
	=	-1.649	/	( ( (1.138 - 2.907)	+	(1.448 - 3.484) )	/ 2 )
	=	-1.649	/	( (-1.769	+	-2.036)	/ 2 )
	=	-1.649	/	-1.9025
	=	86.68 %

Bactech Environmental's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.62	/	( ( (1.448 - 3.484)	+	(1.28 - 3.772) )	/ 2 )
	=	-1.62	/	( ( -2.036	+	-2.492 )	/ 2 )
	=	-1.62	/	-2.264
	=	0 %

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

Bactech Environmental (XCNQ:BAC) 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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Bactech Environmental (XCNQ:BAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Bactech Environmental Corp (XCNQ:BAC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BCCEF:USA 0BT1:Germany

Address

37 King Street East, Suite 409, Toronto, ON, CAN, M5C 1E9

Website

https://www.bactechgreen.com

Bactech Environmental Corp is an environmental technology company based in Canada. It is engaged in applying the bioleaching technology to abatement and reclamation projects to remove the harmful elements including arsenic and sulphur from the environment.

Executives

Murray Ross Orr

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)