Plant Veda Foods (XCNQ:MILK) ROCE % : -53.24% (As of Sep. 2023)

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What is Plant Veda Foods 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. Plant Veda Foods's annualized ROCE % for the quarter that ended in Sep. 2023 was -53.24%.

Plant Veda Foods ROCE % Historical Data

The historical data trend for Plant Veda Foods'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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Plant Veda Foods ROCE % Chart

Plant Veda Foods Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-168.18

-300.05

-115.44

Plant Veda Foods Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial									-58.47	-50.57	-51.39	-53.79	-53.24

Plant Veda Foods ROCE % Calculation

Plant Veda Foods'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 )
	=	-3.612	/	( ( (4.392 - 0.59)	+	(3.378 - 0.922) )	/ 2 )
	=	-3.612	/	( (3.802	+	2.456)	/ 2 )
	=	-3.612	/	3.129
	=	-115.44 %

Plant Veda Foods'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 )
	=	-0.928	/	( ( (3.406 - 1.488)	+	(3.288 - 1.72) )	/ 2 )
	=	-0.928	/	( ( 1.918	+	1.568 )	/ 2 )
	=	-0.928	/	1.743
	=	-53.24 %

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

Plant Veda Foods (XCNQ:MILK) 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.

Plant Veda Foods ROCE % Related Terms

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Plant Veda Foods (XCNQ:MILK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Plant Veda Foods Ltd (XCNQ:MILK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLVFF:USA 5RU:Germany

Address

14640 64 Avenue, Unit 313, Surrey, BC, CAN, V3S1X7

Website

https://www.plantveda.com

Plant Veda Foods Ltd offers plant-based beverages that blend natural products such as cashew, oats, coconut, pistachio, mango, pea protein, herbs and spices, and maple syrup to deliver dairy alternatives that stand out for their diverse nutritional profile and complexity of flavour.

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