Modern Plant Based Foods (XCNQ:MEAT) ROCE % : 0.00% (As of Feb. 2024)

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What is Modern Plant Based Foods 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. Modern Plant Based Foods's annualized ROCE % for the quarter that ended in Feb. 2024 was 0.00%.

Modern Plant Based Foods ROCE % Historical Data

The historical data trend for Modern Plant Based Foods'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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Modern Plant Based Foods ROCE % Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-43.97

-344.59

-264.08

-1,016.89

Modern Plant Based Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Modern Plant Based Foods ROCE % Calculation

Modern Plant Based Foods's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-8.279	/	( ( (1.236 - 1.048)	+	(0.703 - 1.65) )	/ 2 )
	=	-8.279	/	( (0.188	+	-0.947)	/ 2 )
	=	-8.279	/	-0.3795
	=	2,181.55 %

Modern Plant Based Foods's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.296	/	( ( (0.765 - 1.854)	+	(0.813 - 1.463) )	/ 2 )
	=	-0.296	/	( ( -1.089	+	-0.65 )	/ 2 )
	=	-0.296	/	-0.8695
	=	0 %

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

Modern Plant Based Foods (XCNQ:MEAT) 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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Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » ROCE %

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MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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