BevCanna Enterprises (XCNQ:BEV) ROCE % : 0.00% (As of Dec. 2023)

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What is BevCanna Enterprises 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. BevCanna Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

BevCanna Enterprises ROCE % Historical Data

The historical data trend for BevCanna Enterprises'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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BevCanna Enterprises ROCE % Chart

BevCanna Enterprises Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-63.15

-77.50

-561.86

-61.13

-581.73

BevCanna Enterprises 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															99.88	-108.23	-110.74	-238.60	-

BevCanna Enterprises ROCE % Calculation

BevCanna Enterprises'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 )
	=	-7.516	/	( ( (21.799 - 15.131)	+	(13.069 - 17.153) )	/ 2 )
	=	-7.516	/	( (6.668	+	-4.084)	/ 2 )
	=	-7.516	/	1.292
	=	-581.73 %

BevCanna Enterprises'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 )
	=	-12.16	/	( ( (20.346 - 18.362)	+	(13.069 - 17.153) )	/ 2 )
	=	-12.16	/	( ( 1.984	+	-4.084 )	/ 2 )
	=	-12.16	/	-1.05
	=	0 %

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

BevCanna Enterprises (XCNQ:BEV) 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.

BevCanna Enterprises ROCE % Related Terms

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BevCanna Enterprises (XCNQ:BEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » BevCanna Enterprises Inc (XCNQ:BEV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BVNNF:USA 7BC0:Germany

Address

300 1008 Homer Street, Vancouver, BC, CAN, V6B 2X1

Website

https://www.bevcanna.com

BevCanna Enterprises Inc develops and manufactures cannabidiol (CBD) and tetrahydrocannabinol (THC) beverages and supplements for both in-house brands and white-label customers. It also provides direct-to-customer sales of natural health products, including nutraceutical and hemp-based CBD products. Its geographical segments are Canada and the United States.

Executives

Martino Ciambrelli

Senior Officer

BevCanna Enterprises (XCNQ:BEV) Headlines

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