Avant Brands (Avant Brands) ROCE % : -14.86% (As of Feb. 2024)

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What is Avant Brands 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. Avant Brands's annualized ROCE % for the quarter that ended in Feb. 2024 was -14.86%.

Avant Brands ROCE % Historical Data

The historical data trend for Avant Brands'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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Avant Brands ROCE % Chart

Avant Brands Annual Data

Trend

Dec14

Dec15

Dec16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-22.15

-19.89

-27.54

-10.85

-2.79

Avant Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-1.37	1.09	7.07	-19.00	-14.86

Avant Brands ROCE % Calculation

Avant Brands's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-1.286	/	( ( (49.811 - 2.448)	+	(60.226 - 15.479) )	/ 2 )
	=	-1.286	/	( (47.363	+	44.747)	/ 2 )
	=	-1.286	/	46.055
	=	-2.79 %

Avant Brands'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 )
	=	-6.752	/	( ( (60.226 - 15.479)	+	(59.68 - 13.533) )	/ 2 )
	=	-6.752	/	( ( 44.747	+	46.147 )	/ 2 )
	=	-6.752	/	45.447
	=	-14.86 %

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

Avant Brands (OTCPK:AVTBF) 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.

Avant Brands ROCE % Related Terms

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Avant Brands (Avant Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Avant Brands Inc (OTCPK:AVTBF) » Definitions » ROCE %

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1BU0:Germany AVNT:Canada

Address

1632 Dickson Avenue, Suite 335, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.avantbrands.ca

Avant Brands Inc is an innovative premium cannabis company. It has multiple licensed and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for highly desired, and award-winning consumer brands, sold across both recreational and medical channels.