Adagio Capital (TSXV:ADC.P) ROCE % : -169.96% (As of Dec. 2023)

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What is Adagio Capital 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. Adagio Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -169.96%.

Adagio Capital ROCE % Historical Data

The historical data trend for Adagio Capital'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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Adagio Capital ROCE % Chart

Adagio Capital Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-9.09

-79.14

Adagio Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-123.26	-117.12	-17.16	-45.98	-169.96

Adagio Capital ROCE % Calculation

Adagio Capital's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.129	/	( ( (0.142 - 0.006)	+	(0.214 - 0.024) )	/ 2 )
	=	-0.129	/	( (0.136	+	0.19)	/ 2 )
	=	-0.129	/	0.163
	=	-79.14 %

Adagio Capital'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.232	/	( ( (0.178 - 0.013)	+	(0.113 - 0.005) )	/ 2 )
	=	-0.232	/	( ( 0.165	+	0.108 )	/ 2 )
	=	-0.232	/	0.1365
	=	-169.96 %

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

Adagio Capital (TSXV:ADC.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.

Adagio Capital ROCE % Related Terms

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Adagio Capital (TSXV:ADC.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adagio Capital Inc (TSXV:ADC.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West Pender Street, Suite 1510, Vancouver, BC, CAN, V6C 1H2

Website

Adagio Capital Inc is a capital pool company.

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