iAnthus Capital Holdings (XCNQ:IAN) ROCE % : -16.47% (As of Dec. 2023)

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What is iAnthus Capital Holdings 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. iAnthus Capital Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.47%.

iAnthus Capital Holdings ROCE % Historical Data

The historical data trend for iAnthus Capital Holdings'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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iAnthus Capital Holdings ROCE % Chart

iAnthus Capital Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-82.14

-75.79

-25.50

-308.52

-16.28

iAnthus Capital Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-68.79	-20.54	-12.43	-19.33	-16.47

iAnthus Capital Holdings ROCE % Calculation

iAnthus Capital Holdings'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 )
	=	-39.93	/	( ( (412.26 - 125.751)	+	(372.169 - 168.278) )	/ 2 )
	=	-39.93	/	( (286.509	+	203.891)	/ 2 )
	=	-39.93	/	245.2
	=	-16.28 %

iAnthus Capital Holdings'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 )
	=	-34.22	/	( ( (392.66 - 181.003)	+	(372.169 - 168.278) )	/ 2 )
	=	-34.22	/	( ( 211.657	+	203.891 )	/ 2 )
	=	-34.22	/	207.774
	=	-16.47 %

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

iAnthus Capital Holdings (XCNQ:IAN) 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.

iAnthus Capital Holdings ROCE % Related Terms

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iAnthus Capital Holdings (XCNQ:IAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » iAnthus Capital Holdings Inc (XCNQ:IAN) » Definitions » ROCE %

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Traded in Other Exchanges

ITHUF:USA 2IA:Germany

Address

420 Lexington Avenue, Suite 414, New York, NY, USA, 10170

Website

https://www.ianthus.com

iAnthus Capital Holdings Inc owns and operates licensed cannabis cultivators, processors, and dispensaries throughout the United States. The company's operating segments include the Eastern Region and Western Region. It generates a majority of its revenue from the Eastern Region. The Eastern Region includes the company's operations in Florida, Maryland, Massachusetts, New York, New Jersey, Vermont, and its CBD business. Its Western Region includes the company's operations in Arizona, Colorado, and Nevada.

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