Indiva (TSXV:NDVA) ROCE % : -12.74% (As of Mar. 2024)

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What is Indiva 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. Indiva's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.74%.

Indiva ROCE % Historical Data

The historical data trend for Indiva'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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Indiva ROCE % Chart

Indiva Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-43.01

-73.03

-51.56

-22.77

-0.55

Indiva Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-30.60	26.63	9.21	5.53	-12.74

Indiva ROCE % Calculation

Indiva'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 )
	=	-0.121	/	( ( (37.849 - 13.383)	+	(37.824 - 18.099) )	/ 2 )
	=	-0.121	/	( (24.466	+	19.725)	/ 2 )
	=	-0.121	/	22.0955
	=	-0.55 %

Indiva's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.456	/	( ( (37.824 - 18.099)	+	(37.814 - 18.975) )	/ 2 )
	=	-2.456	/	( ( 19.725	+	18.839 )	/ 2 )
	=	-2.456	/	19.282
	=	-12.74 %

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

Indiva (TSXV:NDVA) 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.

Indiva ROCE % Related Terms

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Indiva (TSXV:NDVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Indiva Ltd (TSXV:NDVA) » Definitions » ROCE %

Comparable Companies

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NDVAF:USA T8RP:Germany

Address

333 Preston Street, Suite 710, Ottawa, ON, CAN, K1S 1N4

Website

https://www.indiva.com

Indiva Ltd sets the standard for quality and innovation in cannabis. As a Canadian licensed producer, the company produces and distributes award-winning cannabis products nationally, including Bhang Chocolate, Wana Sour Gummies, Slow Ride Bakery Cookies, Jewels Chewable Tablets, Ruby Cannabis Sugar, Sapphire Cannabis Salt, as well as capsules, pre-rolls and premium flower under the INDIVA and Artisan Batch brands.

Executives

Tweed Inc.

10% Security Holder

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