C21 Investments (XCNQ:CXXI) ROCE % : 2.01% (As of Oct. 2023)

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What is C21 Investments 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. C21 Investments's annualized ROCE % for the quarter that ended in Oct. 2023 was 2.01%.

C21 Investments ROCE % Historical Data

The historical data trend for C21 Investments'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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C21 Investments ROCE % Chart

C21 Investments Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

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-97.12

-70.92

9.37

37.68

10.75

C21 Investments Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															13.15	-5.91	2.22	1.97	2.01

C21 Investments ROCE % Calculation

C21 Investments's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	6.239	/	( ( (78.059 - 20.162)	+	(78.265 - 20.098) )	/ 2 )
	=	6.239	/	( (57.897	+	58.167)	/ 2 )
	=	6.239	/	58.032
	=	10.75 %

C21 Investments's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	1.128	/	( ( (73.84 - 18.431)	+	(75.426 - 18.585) )	/ 2 )
	=	1.128	/	( ( 55.409	+	56.841 )	/ 2 )
	=	1.128	/	56.125
	=	2.01 %

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

C21 Investments (XCNQ:CXXI) 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.

C21 Investments ROCE % Related Terms

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C21 Investments (XCNQ:CXXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » C21 Investments Inc (XCNQ:CXXI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CXXIF:USA

Address

601 West Cordova Street, Suite 280, Vancouver, BC, CAN, V6B 1G1

Website

https://www.cxxi.ca

C21 Investments Inc is a vertically integrated cannabis company. It cultivates, processes, manufactures, and distributes cannabis and hemp-derived consumer products. C21's focus is to expand where the company can wholly own indoor or outdoor cultivation operations, extraction facilities, bakeries, branded products, and retail dispensaries with a large distribution network.

Executives

Bruce Macdonald

Director

C21 Investments (XCNQ:CXXI) Headlines

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