Beyond Oil (XCNQ:BOIL) ROCE % : -87.41% (As of Dec. 2023)

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What is Beyond Oil 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. Beyond Oil's annualized ROCE % for the quarter that ended in Dec. 2023 was -87.41%.

Beyond Oil ROCE % Historical Data

The historical data trend for Beyond Oil'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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Beyond Oil ROCE % Chart

Beyond Oil Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-72.23

-389.91

-68.47

Beyond Oil Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								17.38	-116.67	-41.89	-64.65	-87.41

Beyond Oil ROCE % Calculation

Beyond Oil'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 )
	=	-3.22	/	( ( (6.509 - 1.375)	+	(5.731 - 1.46) )	/ 2 )
	=	-3.22	/	( (5.134	+	4.271)	/ 2 )
	=	-3.22	/	4.7025
	=	-68.47 %

Beyond Oil's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3.74	/	( ( (5.879 - 1.593)	+	(5.731 - 1.46) )	/ 2 )
	=	-3.74	/	( ( 4.286	+	4.271 )	/ 2 )
	=	-3.74	/	4.2785
	=	-87.41 %

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

Beyond Oil (XCNQ:BOIL) 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.

Beyond Oil ROCE % Related Terms

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Beyond Oil (XCNQ:BOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beyond Oil Ltd (XCNQ:BOIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BEOLF:USA

Address

1208 Rosewood Crescent, North Vancouver, Vancouver, BC, CAN, V7P1H4

Website

https://www.beyondoil.co

Beyond Oil Ltd is a food-tech company that has developed a solution to reduce free fatty acid from oil while preserving the oil's quality and nutritional value. The company develops products that extend the usable life of frying oil improve food quality and reduce frying oil costs. It offers FryDay which is an active filter powder that eliminates harmful Free Fatty Acids (FFA) generated in the oil.

Executives

Robert Jalun Kiesman	Director, Senior Officer
Jonathan Or	Director, Senior Officer