BYND Cannasoft Enterprises (XCNQ:BYND) ROCE % : -16.94% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is BYND Cannasoft Enterprises 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. BYND Cannasoft Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.94%.

BYND Cannasoft Enterprises ROCE % Historical Data

The historical data trend for BYND Cannasoft Enterprises'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.

* Premium members only.

BYND Cannasoft Enterprises ROCE % Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-7.72

-6.15

-12.32

BYND Cannasoft Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-5.28	-9.50	-11.43	-19.03	-16.94

BYND Cannasoft Enterprises ROCE % Calculation

BYND Cannasoft Enterprises'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 )
	=	-5.256	/	( ( (49.903 - 0.458)	+	(36.801 - 0.887) )	/ 2 )
	=	-5.256	/	( (49.445	+	35.914)	/ 2 )
	=	-5.256	/	42.6795
	=	-12.32 %

BYND Cannasoft Enterprises'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 )
	=	-6.604	/	( ( (36.801 - 0.887)	+	(42.937 - 0.875) )	/ 2 )
	=	-6.604	/	( ( 35.914	+	42.062 )	/ 2 )
	=	-6.604	/	38.988
	=	-16.94 %

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

BYND Cannasoft Enterprises (XCNQ:BYND) 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.

BYND Cannasoft Enterprises ROCE % Related Terms

Thank you for viewing the detailed overview of BYND Cannasoft Enterprises's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

BYND Cannasoft Enterprises (XCNQ:BYND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BYND Cannasoft Enterprises Inc (XCNQ:BYND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BCAN:USA

Address

2264 East 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.