TAAT Global Alternatives (XCNQ:TAAT) ROCE % : -281.60% (As of Jul. 2023)

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What is TAAT Global Alternatives 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. TAAT Global Alternatives's annualized ROCE % for the quarter that ended in Jul. 2023 was -281.60%.

TAAT Global Alternatives ROCE % Historical Data

The historical data trend for TAAT Global Alternatives'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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TAAT Global Alternatives ROCE % Chart

TAAT Global Alternatives Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

ROCE %

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-77.07

-169.99

-206.78

-155.91

TAAT Global Alternatives Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
ROCE %	Get a 7-Day Free Trial															-175.74	-153.54	-101.07	1.48	-281.60

TAAT Global Alternatives ROCE % Calculation

TAAT Global Alternatives's annualized ROCE % for the fiscal year that ended in Oct. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	-24.407	/	( ( (21.615 - 2.861)	+	(18.586 - 6.03) )	/ 2 )
	=	-24.407	/	( (18.754	+	12.556)	/ 2 )
	=	-24.407	/	15.655
	=	-155.91 %

TAAT Global Alternatives's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Apr. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Apr. 2023 )		(Q: Jul. 2023 )
	=	-21.452	/	( ( (17.381 - 7.778)	+	(16.801 - 11.168) )	/ 2 )
	=	-21.452	/	( ( 9.603	+	5.633 )	/ 2 )
	=	-21.452	/	7.618
	=	-281.60 %

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

TAAT Global Alternatives (XCNQ:TAAT) 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.

TAAT Global Alternatives ROCE % Related Terms

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TAAT Global Alternatives (XCNQ:TAAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » TAAT Global Alternatives Inc (XCNQ:TAAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TOBAF:USA 2TP0:Germany

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C1H2

Website

https://www.taatglobal.com

TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. The company generates the majority of its revenue from the tobacco products segment.

TAAT Global Alternatives (XCNQ:TAAT) Headlines

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