Jabbo Capital (TSXV:JAB.P) ROCE % : -55.30% (As of Feb. 2024)

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What is Jabbo 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. Jabbo Capital's annualized ROCE % for the quarter that ended in Feb. 2024 was -55.30%.

Jabbo Capital ROCE % Historical Data

The historical data trend for Jabbo 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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Jabbo Capital ROCE % Chart

Jabbo Capital Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

ROCE %

-41.04

-29.19

-35.46

Jabbo Capital Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial									-37.97	-24.66	-20.29	-57.60	-55.30

Jabbo Capital ROCE % Calculation

Jabbo Capital'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 )
	=	-0.05	/	( ( (0.177 - 0.011)	+	(0.13 - 0.014) )	/ 2 )
	=	-0.05	/	( (0.166	+	0.116)	/ 2 )
	=	-0.05	/	0.141
	=	-35.46 %

Jabbo Capital'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 )
	=	-0.06	/	( ( (0.13 - 0.014)	+	(0.115 - 0.014) )	/ 2 )
	=	-0.06	/	( ( 0.116	+	0.101 )	/ 2 )
	=	-0.06	/	0.1085
	=	-55.30 %

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

Jabbo Capital (TSXV:JAB.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.

Jabbo Capital ROCE % Related Terms

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Jabbo Capital (TSXV:JAB.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jabbo Capital Corp (TSXV:JAB.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1703, 595 Burrard Street, Vancouver, BC, CAN, V7X 1J1

Website

Jabbo Capital Corp is a capital pool company.

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