A2ZCryptocap (TSXV:AZC.P) ROCE % : -16.90% (As of Mar. 2024)

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What is A2ZCryptocap 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. A2ZCryptocap's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.90%.

A2ZCryptocap ROCE % Historical Data

The historical data trend for A2ZCryptocap'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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A2ZCryptocap ROCE % Chart

A2ZCryptocap Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-44.55

-12.88

A2ZCryptocap Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					-13.52	-7.57	-1.28	-29.19	-16.90

A2ZCryptocap ROCE % Calculation

A2ZCryptocap's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.04	/	( ( (0.348 - 0.017)	+	(0.314 - 0.024) )	/ 2 )
	=	-0.04	/	( (0.331	+	0.29)	/ 2 )
	=	-0.04	/	0.3105
	=	-12.88 %

A2ZCryptocap's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.048	/	( ( (0.314 - 0.024)	+	(0.309 - 0.031) )	/ 2 )
	=	-0.048	/	( ( 0.29	+	0.278 )	/ 2 )
	=	-0.048	/	0.284
	=	-16.90 %

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

A2ZCryptocap (TSXV:AZC.P) 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.

A2ZCryptocap ROCE % Related Terms

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A2ZCryptocap (TSXV:AZC.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » A2ZCryptocap Inc (TSXV:AZC.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 - 7th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 2Z1

Website

A2ZCryptocap Inc is a capital pool company.

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