Zimtu Capital (TSXV:ZC) ROCE % : -15.31% (As of Feb. 2024)

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What is Zimtu 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. Zimtu Capital's annualized ROCE % for the quarter that ended in Feb. 2024 was -15.31%.

Zimtu Capital ROCE % Historical Data

The historical data trend for Zimtu 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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Zimtu Capital ROCE % Chart

Zimtu Capital Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-37.90

47.43

68.49

-65.02

-31.50

Zimtu Capital Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															3.67	-45.89	-31.22	-41.78	-15.31

Zimtu Capital ROCE % Calculation

Zimtu 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 )
	=	-3.647	/	( ( (13.46 - 1.508)	+	(11.837 - 0.633) )	/ 2 )
	=	-3.647	/	( (11.952	+	11.204)	/ 2 )
	=	-3.647	/	11.578
	=	-31.50 %

Zimtu 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 )
	=	-1.68	/	( ( (11.837 - 0.633)	+	(11.338 - 0.598) )	/ 2 )
	=	-1.68	/	( ( 11.204	+	10.74 )	/ 2 )
	=	-1.68	/	10.972
	=	-15.31 %

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

Zimtu Capital (TSXV:ZC) 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.

Zimtu Capital ROCE % Related Terms

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Zimtu Capital (TSXV:ZC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Zimtu Capital Corp (TSXV:ZC) » Definitions » ROCE %

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ZTMUF:USA ZCT1:Germany

Address

789 West Pender Street, Suite 1450, Vancouver, BC, CAN, V6C 1H2

Website

https://www.zimtu.com

Zimtu Capital Corp is an investment company. It is engaged in the business of investments in junior resource companies, acquisitions and dispositions, and the provision of management services. The company's business is located in Canada. It derives revenue from investment in mineral properties and management services.

Executives

Sean Charland

Director

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