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Scope AI (XCNQ:SCPE) ROCE % : -714.99% (As of Dec. 2023)


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What is Scope AI 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. Scope AI's annualized ROCE % for the quarter that ended in Dec. 2023 was -714.99%.

Scope AI ROCE % Historical Data

The historical data trend for Scope AI'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.

Scope AI ROCE % Chart

Scope AI Annual Data
Trend Sep21 Sep22 Sep23
ROCE %
- -33.98 -731.66

Scope AI Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -350.05 -258.62 -595.13 -2,571.03 -714.99

Scope AI ROCE % Calculation

Scope AI'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 )
=-3.201/( ( (1.216 - 0.13) + (0.147 - 0.358) )/ 2 )
=-3.201/( (1.086+-0.211)/ 2 )
=-3.201/0.4375
=-731.66 %

Scope AI'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 )
=-3.028/( ( (0.147 - 0.358) + (1.312 - 0.254) )/ 2 )
=-3.028/( ( -0.211 + 1.058 )/ 2 )
=-3.028/0.4235
=-714.99 %

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

* 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.

Scope AI  (XCNQ:SCPE) 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.

Scope AI ROCE % Related Terms

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Scope AI (XCNQ:SCPE) Business Description

Industry
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Traded in Other Exchanges
SCPCF:USA
Address
1800 - 510 West Georgia Street, Vancouver, BC, CAN, V6B 0M3
Website
https://www.scopecarboncorp.com
Scope Carbon Corp is a Canadian technology company. It develops Artificial Intelligence (AI) analytical software and intellectual property for use in analyzing data related to nature-based objects (e.g. forests, wetlands, and other areas) as it relates to carbon credit certification. The company's current business plan is to enable large volumes of object based data to be converted into digestible data that carbon credit experts and others are able to use to verify the characteristics of trees, wetlands, and other areas.