GOAT Industries (XCNQ:GOAT) ROCE % : -24.73% (As of Dec. 2023)

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What is GOAT Industries 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. GOAT Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was -24.73%.

GOAT Industries ROCE % Historical Data

The historical data trend for GOAT Industries'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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GOAT Industries ROCE % Chart

GOAT Industries Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-101.85

-65.95

-81.23

GOAT Industries Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-62.09	-26.15	-23.89	-35.44	-24.73

GOAT Industries ROCE % Calculation

GOAT Industries'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 )
	=	-0.543	/	( ( (2.228 - 0.428)	+	(0.297 - 0.76) )	/ 2 )
	=	-0.543	/	( (1.8	+	-0.463)	/ 2 )
	=	-0.543	/	0.6685
	=	-81.23 %

GOAT Industries'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 )
	=	-0.344	/	( ( (3.908 - 0.663)	+	(0.297 - 0.76) )	/ 2 )
	=	-0.344	/	( ( 3.245	+	-0.463 )	/ 2 )
	=	-0.344	/	1.391
	=	-24.73 %

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

GOAT Industries (XCNQ:GOAT) 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.

GOAT Industries ROCE % Related Terms

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GOAT Industries (XCNQ:GOAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GOAT Industries Ltd (XCNQ:GOAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BGTTF:USA 26B:Germany

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.goatindustries.co

GOAT Industries Ltd is a venture capital platform focused on identifying, sponsoring and incubating companies driven by environmental, social and governance values, while operating in the blue economy. It invests in private businesses in the plant-based protein, functional foods, food technology, and fermented foods sectors. The company plans to generate returns on its investments through go-public transactions, mergers or acquisitions, and the other liquidity events of its investee companies.