Green Envirotech Holdings (Green Envirotech Holdings) ROCE % : 0.00% (As of Sep. 2019)

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What is Green Envirotech Holdings 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. Green Envirotech Holdings's annualized ROCE % for the quarter that ended in Sep. 2019 was 0.00%.

Green Envirotech Holdings ROCE % Historical Data

The historical data trend for Green Envirotech Holdings'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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Green Envirotech Holdings ROCE % Chart

Green Envirotech Holdings Annual Data

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ROCE %

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Green Envirotech Holdings Quarterly Data
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ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Green Envirotech Holdings ROCE % Calculation

Green Envirotech Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-2.46	/	( ( (1.051 - 5.962)	+	(0.003 - 5.863) )	/ 2 )
	=	-2.46	/	( (-4.911	+	-5.86)	/ 2 )
	=	-2.46	/	-5.3855
	=	45.68 %

Green Envirotech Holdings's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-1.144	/	( ( (0.018 - 6.627)	+	(0.011 - 7.015) )	/ 2 )
	=	-1.144	/	( ( -6.609	+	-7.004 )	/ 2 )
	=	-1.144	/	-6.8065
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Green Envirotech Holdings (OTCPK:GETH) 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.

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Green Envirotech Holdings (Green Envirotech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Green Envirotech Holdings Corp (OTCPK:GETH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14699 Holman Mountain Road, Jamestown, CA, USA, 95327

Website

http://www.greenenvirotech.com

Green Envirotech Holdings Corp is a green technology company. It is engaged in transforming unusable scrap tires into valuable end products carbon black, oil and steel. It has developed a proprietary process to convert end-of-life tires and unrecyclable waste plastics into a high-grade blendstock oil using proven pyrolysis technology.

Executives

Christopher P Bowers	director, 10 percent owner, officer: CEO	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Christopher Richard Smith	10 percent owner	HENVILLE BUILDING PRINCE CHARLES STREET CHARLESTOWN U7 00000
Wayne H. Leggett	director, officer: CFO	1315 E. BARBARA DRIVE TEMPE AZ 85281

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