Borealis Foods (Borealis Foods) ROCE % : -5.36% (As of Dec. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Borealis Foods 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. Borealis Foods's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.36%.

Borealis Foods ROCE % Historical Data

The historical data trend for Borealis Foods'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.

* Premium members only.

Borealis Foods ROCE % Chart

Borealis Foods Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-24.59

-2.66

-5.36

Borealis Foods Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-24.59	-2.66	-5.36

Borealis Foods ROCE % Calculation

Borealis Foods'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 )
	=	-5.131	/	( ( (179.45 - 2.501)	+	(22.044 - 7.487) )	/ 2 )
	=	-5.131	/	( (176.949	+	14.557)	/ 2 )
	=	-5.131	/	95.753
	=	-5.36 %

Borealis Foods's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-5.131	/	( ( (179.45 - 2.501)	+	(22.044 - 7.487) )	/ 2 )
	=	-5.131	/	( ( 176.949	+	14.557 )	/ 2 )
	=	-5.131	/	95.753
	=	-5.36 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Borealis Foods (NAS:BRLS) 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.

Borealis Foods ROCE % Related Terms

Thank you for viewing the detailed overview of Borealis Foods's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Borealis Foods (Borealis Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borealis Foods Inc (NAS:BRLS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5

Website

https://www.borealisfoods.com

Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.

Borealis Foods (Borealis Foods) Headlines

From GuruFocus

Borealis Foods, a Rapidly Growing, Mission-Driven Food Tech Company, to Ring Nasdaq Closing Bell

By Business Wire • 02-14-2024