SureNano Sciences (XCNQ:SURE) ROCE % : -327.27% (As of Dec. 2023)

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What is SureNano Sciences 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. SureNano Sciences's annualized ROCE % for the quarter that ended in Dec. 2023 was -327.27%.

SureNano Sciences ROCE % Historical Data

The historical data trend for SureNano Sciences'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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SureNano Sciences ROCE % Chart

SureNano Sciences Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-139.75

-85.49

SureNano Sciences Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-85.91	-89.81	-126.79	-216.22	-327.27

SureNano Sciences ROCE % Calculation

SureNano Sciences's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.389	/	( ( (0.686 - 0.036)	+	(0.318 - 0.058) )	/ 2 )
	=	-0.389	/	( (0.65	+	0.26)	/ 2 )
	=	-0.389	/	0.455
	=	-85.49 %

SureNano Sciences'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 )
	=	-0.252	/	( ( (0.211 - 0.103)	+	(0.182 - 0.136) )	/ 2 )
	=	-0.252	/	( ( 0.108	+	0.046 )	/ 2 )
	=	-0.252	/	0.077
	=	-327.27 %

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

SureNano Sciences (XCNQ:SURE) 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.

SureNano Sciences ROCE % Related Terms

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SureNano Sciences (XCNQ:SURE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SureNano Sciences Ltd (XCNQ:SURE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1650 West 2nd Avenue, Suite 350, Vancouver, BC, CAN, V6J 1H4

Website

https://www.surenano.com

SureNano Sciences Ltd y is a nanotechnology supply company with the license to sell and otherwise commercialize the SureNanoTM surfactant (the SureNano Surfactant) in Canada and Colorado. The SureNano Surfactant is a ready-to-mix food-grade compound that provides the base for high-performance nanoemulsions to create homogeneous and stable products while maximizing bioavailability, clarity, and taste.

Executives

Charles Henry Malette

Director

SureNano Sciences (XCNQ:SURE) Headlines

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