Decibel Cannabis Co (TSXV:DB) ROCE % : 5.21% (As of Sep. 2023)

View and export this data going back to 1992. Start your Free Trial

What is Decibel Cannabis Co 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. Decibel Cannabis Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.21%.

Decibel Cannabis Co ROCE % Historical Data

The historical data trend for Decibel Cannabis Co'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.

Decibel Cannabis Co ROCE % Chart

Decibel Cannabis Co Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-152.42

-14.71

-8.16

7.46

-1.70

Decibel Cannabis Co Quarterly Data
	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															26.18	-11.18	-0.06	1.89	5.21

Decibel Cannabis Co ROCE % Calculation

Decibel Cannabis Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.409	/	( ( (125.929 - 47.115)	+	(140.88 - 53.88) )	/ 2 )
	=	-1.409	/	( (78.814	+	87)	/ 2 )
	=	-1.409	/	82.907
	=	-1.70 %

Decibel Cannabis Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	4.48	/	( ( (136.675 - 50.504)	+	(144.945 - 59.214) )	/ 2 )
	=	4.48	/	( ( 86.171	+	85.731 )	/ 2 )
	=	4.48	/	85.951
	=	5.21 %

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

Decibel Cannabis Co (TSXV:DB) 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.

Decibel Cannabis Co ROCE % Related Terms

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

Decibel Cannabis Co (TSXV:DB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Decibel Cannabis Co Inc (TSXV:DB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DBCCF:USA

Address

140 - 4th Avenue SW, Suite 1440, Calgary, AB, CAN, T2P 3N3

Website

https://www.decibelcc.com

Decibel Cannabis Co Inc is engaged in the cannabis operations business. It is involved in the production, distribution, and sale of recreational cannabis. All the revenues are generated in Canada. The company's revenue is comprised of wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers as well as the direct sale of products through its retail locations to end customers.