Blue Horizon Global Capital (XCNQ:BHCC) ROCE % : -39.11% (As of Sep. 2023)

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What is Blue Horizon Global 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. Blue Horizon Global Capital's annualized ROCE % for the quarter that ended in Sep. 2023 was -39.11%.

Blue Horizon Global Capital ROCE % Historical Data

The historical data trend for Blue Horizon Global 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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Blue Horizon Global Capital ROCE % Chart

Blue Horizon Global Capital Annual Data

Trend

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ROCE %

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Blue Horizon Global Capital Quarterly Data
	Dec18	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															235.38	-8.31	-23.23	-362.41	-39.11

Blue Horizon Global Capital ROCE % Calculation

Blue Horizon Global Capital'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 )
	=	0.16	/	( ( (0.471 - 0.814)	+	(0.98 - 0.654) )	/ 2 )
	=	0.16	/	( (-0.343	+	0.326)	/ 2 )
	=	0.16	/	-0.0085
	=	-1,882.35 %

Blue Horizon Global Capital'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 )
	=	-0.088	/	( ( (0.917 - 0.679)	+	(0.906 - 0.694) )	/ 2 )
	=	-0.088	/	( ( 0.238	+	0.212 )	/ 2 )
	=	-0.088	/	0.225
	=	-39.11 %

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

Blue Horizon Global Capital (XCNQ:BHCC) 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.

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Blue Horizon Global Capital (XCNQ:BHCC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blue Horizon Global Capital Corp (XCNQ:BHCC) » Definitions » ROCE %

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MOOIF:USA

Address

196 Wildcat Road, North York, ON, CAN, M3J 2N5

Website

http://www.sensetekinc.com

Blue Horizon Global Capital Corp is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management's extensive experience in deal sourcing and capital combination to maximize returns for its shareholders. Blue Horizon will invest its funds with the aim of generating returns from capital appreciation and investment income.

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