New Leaf Ventures (XCNQ:NLV) ROCE % : -4,752.24% (As of Sep. 2023)

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What is New Leaf Ventures 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. New Leaf Ventures's annualized ROCE % for the quarter that ended in Sep. 2023 was -4,752.24%.

New Leaf Ventures ROCE % Historical Data

The historical data trend for New Leaf Ventures'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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New Leaf Ventures ROCE % Chart

New Leaf Ventures Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-564.83

-106.09

-146.78

New Leaf Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial														21.24	-699.96	-820.22	-269.65	-4,752.24

New Leaf Ventures ROCE % Calculation

New Leaf Ventures's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.252	/	( ( (5.955 - 1.928)	+	(2.29 - 1.886) )	/ 2 )
	=	-3.252	/	( (4.027	+	0.404)	/ 2 )
	=	-3.252	/	2.2155
	=	-146.78 %

New Leaf Ventures's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.592	/	( ( (5.666 - 5.388)	+	(5.75 - 5.961) )	/ 2 )
	=	-1.592	/	( ( 0.278	+	-0.211 )	/ 2 )
	=	-1.592	/	0.0335
	=	-4,752.24 %

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

New Leaf Ventures (XCNQ:NLV) 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.

New Leaf Ventures ROCE % Related Terms

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New Leaf Ventures (XCNQ:NLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » New Leaf Ventures Inc (XCNQ:NLV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NLVVF:USA 0IC0:Germany

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6C 2Y3

Website

https://www.newleafventuresinc.com

New Leaf Ventures Inc is a licensed producer and processor of ultra-premium cannabis and cannabis related products.

Executives

Ryan David Arthur

Director

New Leaf Ventures (XCNQ:NLV) Headlines

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