Telescope Innovations (XCNQ:TELI) ROCE % : -40.03% (As of Feb. 2024)

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What is Telescope Innovations 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. Telescope Innovations's annualized ROCE % for the quarter that ended in Feb. 2024 was -40.03%.

Telescope Innovations ROCE % Historical Data

The historical data trend for Telescope Innovations'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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Telescope Innovations ROCE % Chart

Telescope Innovations Annual Data

Trend

Dec19

Dec20

Aug21

Aug22

Aug23

ROCE %

-224.55

-209.35

-33.97

Telescope Innovations Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial												1.54	10.42	-76.00	29.34	-40.03

Telescope Innovations ROCE % Calculation

Telescope Innovations'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 )
	=	-0.722	/	( ( (3.024 - 1.351)	+	(3.291 - 0.713) )	/ 2 )
	=	-0.722	/	( (1.673	+	2.578)	/ 2 )
	=	-0.722	/	2.1255
	=	-33.97 %

Telescope Innovations'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 )
	=	-1.836	/	( ( (5.804 - 1.02)	+	(5.507 - 1.117) )	/ 2 )
	=	-1.836	/	( ( 4.784	+	4.39 )	/ 2 )
	=	-1.836	/	4.587
	=	-40.03 %

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

Telescope Innovations (XCNQ:TELI) 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.

Telescope Innovations ROCE % Related Terms

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Telescope Innovations (XCNQ:TELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Telescope Innovations Corp (XCNQ:TELI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TELIF:USA

Address

301 – 2386 East Mall, Vancouver, BC, CAN, V6T 1Z3

Website

https://www.telescopeinnovations.com

Telescope Innovations Corp is a technology company that intends to focus on development as a Contract Research Organization (CRO) to develop intellectual property, contract research, and building automation products. The Company has one operating segment that generates revenues from two revenue streams, contract research services and sale of automation products.

Executives

Alidad Pejman

Director

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