Ananda Developments (AQSE:ANA) ROCE % : -49.52% (As of Jul. 2023)

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What is Ananda Developments 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. Ananda Developments's annualized ROCE % for the quarter that ended in Jul. 2023 was -49.52%.

Ananda Developments ROCE % Historical Data

The historical data trend for Ananda Developments'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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Ananda Developments ROCE % Chart

Ananda Developments Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

-48.36

-37.71

-48.18

-113.65

-73.28

Ananda Developments Semi-Annual Data
	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
ROCE %	Get a 7-Day Free Trial						-206.76	-81.98	-86.76	-109.06	-49.52

Ananda Developments ROCE % Calculation

Ananda Developments's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-1.053	/	( ( (2.363 - 1.487)	+	(6.509 - 4.511) )	/ 2 )
	=	-1.053	/	( (0.876	+	1.998)	/ 2 )
	=	-1.053	/	1.437
	=	-73.28 %

Ananda Developments'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: Jan. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	-1.89	/	( ( (6.509 - 4.511)	+	(7.772 - 2.136) )	/ 2 )
	=	-1.89	/	( ( 1.998	+	5.636 )	/ 2 )
	=	-1.89	/	3.817
	=	-49.52 %

(1) Note: The EBIT data used here is two times the semi-annual (Jul. 2023) EBIT data.

Ananda Developments (AQSE:ANA) 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.

Ananda Developments ROCE % Related Terms

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Ananda Developments (AQSE:ANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ananda Developments PLC (AQSE:ANA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1FX:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

http://www.anandadevelopments.com

Ananda Developments PLC provides investment to healthcare market for the companies that develop medicinal or therapeutic cannabis derivatives, or related products including nutraceuticals, dietary supplements, and cosmetic products which contain Cannabis or hemp derived cannabinoids.

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