Shellron Capital (TSXV:SHLL.P) ROCE % : -130.77% (As of Jan. 2024)

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What is Shellron 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. Shellron Capital's annualized ROCE % for the quarter that ended in Jan. 2024 was -130.77%.

Shellron Capital ROCE % Historical Data

The historical data trend for Shellron 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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Shellron Capital ROCE % Chart

Shellron Capital Annual Data

Trend

Apr21

Apr22

Apr23

ROCE %

-2.91

-37.09

-24.58

Shellron Capital Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial								-9.98	-18.67	-43.59	-120.46	-130.77

Shellron Capital ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-0.081	/	( ( (0.495 - 0)	+	(0.175 - 0.011) )	/ 2 )
	=	-0.081	/	( (0.495	+	0.164)	/ 2 )
	=	-0.081	/	0.3295
	=	-24.58 %

Shellron Capital's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.136	/	( ( (0.122 - 0.011)	+	(0.104 - 0.007) )	/ 2 )
	=	-0.136	/	( ( 0.111	+	0.097 )	/ 2 )
	=	-0.136	/	0.104
	=	-130.77 %

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

Shellron Capital (TSXV:SHLL.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.

Shellron Capital ROCE % Related Terms

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Shellron Capital (TSXV:SHLL.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Shellron Capital Ltd (TSXV:SHLL.P) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1090 Hamilton Street, Vancouver, BC, CAN, V6B 2R9

Website

http://www.shellron.com

Shellron Capital Ltd is a development stage company. The company proposes to identify and evaluate businesses and assets with a view to completing a qualifying transaction.

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