Aisix Solutions (TSXV:AISX) ROCE % : -139.91% (As of Dec. 2023)

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What is Aisix Solutions 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. Aisix Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was -139.91%.

Aisix Solutions ROCE % Historical Data

The historical data trend for Aisix Solutions'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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Aisix Solutions ROCE % Chart

Aisix Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-176.93

-95.83

-86.04

-87.75

-160.12

Aisix Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															268.03	-177.78	-50.69	-287.11	-139.91

Aisix Solutions ROCE % Calculation

Aisix Solutions'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 )
	=	-1.606	/	( ( (1.52 - 0.334)	+	(1.003 - 0.183) )	/ 2 )
	=	-1.606	/	( (1.186	+	0.82)	/ 2 )
	=	-1.606	/	1.003
	=	-160.12 %

Aisix Solutions'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 )
	=	-1.432	/	( ( (1.432 - 0.205)	+	(1.003 - 0.183) )	/ 2 )
	=	-1.432	/	( ( 1.227	+	0.82 )	/ 2 )
	=	-1.432	/	1.0235
	=	-139.91 %

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

Aisix Solutions (TSXV:AISX) 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.

Aisix Solutions ROCE % Related Terms

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Aisix Solutions (TSXV:AISX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aisix Solutions Inc (TSXV:AISX) » Definitions » ROCE %

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AISXF:USA

Address

1166 Alberni Street, Suite 810, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.minervaintelligence.com

Aisix Solutions Inc Formerly Minerva Intelligence Inc is engaged in developing and marketing AI software products to various industries with technical and scientific data. Its AI Platform combines human domain expertise with information from public and private databases in a cognitive computer reasoning system to carry out complex tasks faster. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States.

Executives

Mihalis Belantis

Senior Officer

Aisix Solutions (TSXV:AISX) Headlines

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