Eco Innovation Group (Eco Innovation Group) ROCE % : 0.00% (As of Sep. 2022)

View and export this data going back to . Start your Free Trial

What is Eco Innovation Group 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. Eco Innovation Group's annualized ROCE % for the quarter that ended in Sep. 2022 was 0.00%.

Eco Innovation Group ROCE % Historical Data

The historical data trend for Eco Innovation Group'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.

Eco Innovation Group ROCE % Chart

Eco Innovation Group Annual Data

Trend

Dec20

Dec21

ROCE %

-785.71

Eco Innovation Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial					-	-	-	-	-

Eco Innovation Group ROCE % Calculation

Eco Innovation Group's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-5.931	/	( ( (1.058 - 0.568)	+	(0.373 - 4.654) )	/ 2 )
	=	-5.931	/	( (0.49	+	-4.281)	/ 2 )
	=	-5.931	/	-1.8955
	=	312.90 %

Eco Innovation Group's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	1.728	/	( ( (0.64 - 5.119)	+	(0.454 - 4.34) )	/ 2 )
	=	1.728	/	( ( -4.479	+	-3.886 )	/ 2 )
	=	1.728	/	-4.1825
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Eco Innovation Group (OTCPK:ECOX) 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.

Eco Innovation Group ROCE % Related Terms

Thank you for viewing the detailed overview of Eco Innovation Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eco Innovation Group (Eco Innovation Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Eco Innovation Group Inc (OTCPK:ECOX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16525 Sherman Way, Suite C-1, Van Nuys, CA, USA, 91406

Website

https://www.ecoig.com

Eco Innovation Group Inc is a socially responsible and sustainability-focused technology incubator devoted to the commercialization of select intellectual property that has the potential to achieve commercial success.