SLANG Worldwide (XCNQ:SLNG) ROCE % : -121.23% (As of Dec. 2023)

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What is SLANG Worldwide 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. SLANG Worldwide's annualized ROCE % for the quarter that ended in Dec. 2023 was -121.23%.

SLANG Worldwide ROCE % Historical Data

The historical data trend for SLANG Worldwide'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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SLANG Worldwide ROCE % Chart

SLANG Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-317.05

-22.51

-65.14

-46.93

-36.69

SLANG Worldwide 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															-130.41	5.10	0.08	-21.80	-121.23

SLANG Worldwide ROCE % Calculation

SLANG Worldwide'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 )
	=	-6.946	/	( ( (42.755 - 9.756)	+	(33.203 - 28.337) )	/ 2 )
	=	-6.946	/	( (32.999	+	4.866)	/ 2 )
	=	-6.946	/	18.9325
	=	-36.69 %

SLANG Worldwide'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 )
	=	-22.408	/	( ( (39.637 - 7.536)	+	(33.203 - 28.337) )	/ 2 )
	=	-22.408	/	( ( 32.101	+	4.866 )	/ 2 )
	=	-22.408	/	18.4835
	=	-121.23 %

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

SLANG Worldwide (XCNQ:SLNG) 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.

SLANG Worldwide ROCE % Related Terms

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SLANG Worldwide (XCNQ:SLNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SLANG Worldwide Inc (XCNQ:SLNG) » Definitions » ROCE %

Comparable Companies

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SLGWF:USA

Address

50 Carroll Street, Toronto, ON, CAN, M4M 3G3

Website

https://www.slangww.com

SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.

Executives

Christopher Lee Driessen

Director, Senior Officer