X1 Entertainment Group (XCNQ:XONE) ROCE % : 0.00% (As of Feb. 2024)

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What is X1 Entertainment Group 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. X1 Entertainment Group's annualized ROCE % for the quarter that ended in Feb. 2024 was 0.00%.

X1 Entertainment Group ROCE % Historical Data

The historical data trend for X1 Entertainment Group'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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X1 Entertainment Group ROCE % Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

ROCE %

-61.77

-262.41

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial						-942.80	-	-	-	-

X1 Entertainment Group ROCE % Calculation

X1 Entertainment Group'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 )
	=	-2.342	/	( ( (3.023 - 0.708)	+	(0.02 - 0.55) )	/ 2 )
	=	-2.342	/	( (2.315	+	-0.53)	/ 2 )
	=	-2.342	/	0.8925
	=	-262.41 %

X1 Entertainment Group'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 )
	=	-0.66	/	( ( (0.225 - 0.835)	+	(0.492 - 0.759) )	/ 2 )
	=	-0.66	/	( ( -0.61	+	-0.267 )	/ 2 )
	=	-0.66	/	-0.4385
	=	0 %

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

X1 Entertainment Group (XCNQ:XONE) 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.

X1 Entertainment Group ROCE % Related Terms

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X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.