Nextleaf Solutions (XCNQ:OILS) ROCE % : 12.94% (As of Dec. 2023)

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What is Nextleaf Solutions 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. Nextleaf Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.94%.

Nextleaf Solutions ROCE % Historical Data

The historical data trend for Nextleaf Solutions'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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Nextleaf Solutions ROCE % Chart

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-197.05

-72.38

-87.46

-84.59

6.67

Nextleaf Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-93.76	-69.40	-2.32	-	12.94

Nextleaf Solutions ROCE % Calculation

Nextleaf Solutions's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	0.262	/	( ( (7.152 - 3.819)	+	(8.537 - 4.019) )	/ 2 )
	=	0.262	/	( (3.333	+	4.518)	/ 2 )
	=	0.262	/	3.9255
	=	6.67 %

Nextleaf Solutions'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 )
	=	0.592	/	( ( (8.537 - 4.019)	+	(9.11 - 4.477) )	/ 2 )
	=	0.592	/	( ( 4.518	+	4.633 )	/ 2 )
	=	0.592	/	4.5755
	=	12.94 %

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

Nextleaf Solutions (XCNQ:OILS) 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.

Nextleaf Solutions ROCE % Related Terms

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Nextleaf Solutions (XCNQ:OILS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nextleaf Solutions Ltd (XCNQ:OILS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OILFF:USA

Address

68 Water Street, Suite 304, Vancouver, BC, CAN, V6B 1A4

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.

Executives

Emma Jane Andrews

Senior Officer

Nextleaf Solutions (XCNQ:OILS) Headlines

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