GreenPower Motor Company (GreenPower Motor Company) ROCE % : -56.96% (As of Dec. 2023)

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What is GreenPower Motor Company 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. GreenPower Motor Company's annualized ROCE % for the quarter that ended in Dec. 2023 was -56.96%.

GreenPower Motor Company ROCE % Historical Data

The historical data trend for GreenPower Motor Company'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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GreenPower Motor Company ROCE % Chart

GreenPower Motor Company Annual Data

Trend

Feb14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-63.43

-56.56

-28.80

-38.35

-35.93

GreenPower Motor Company 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															-32.11	-37.75	-28.03	-46.94	-56.96

GreenPower Motor Company ROCE % Calculation

GreenPower Motor Company's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-13.494	/	( ( (49.607 - 11.514)	+	(63.525 - 26.5) )	/ 2 )
	=	-13.494	/	( (38.093	+	37.025)	/ 2 )
	=	-13.494	/	37.559
	=	-35.93 %

GreenPower Motor Company'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 )
	=	-17.196	/	( ( (55.383 - 22.649)	+	(50.164 - 22.519) )	/ 2 )
	=	-17.196	/	( ( 32.734	+	27.645 )	/ 2 )
	=	-17.196	/	30.1895
	=	-56.96 %

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

GreenPower Motor Company (NAS:GP) 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.

GreenPower Motor Company ROCE % Related Terms

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GreenPower Motor Company (GreenPower Motor Company) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » GreenPower Motor Company Inc (NAS:GP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRT1:Germany GPV:Canada

Address

209 Carrall Street, Suite 240, Vancouver, BC, CAN, V6B 2J2

Website

https://www.greenpowermotor.com

GreenPower Motor Company Inc is the manufacturer and distributor of all-electric charter, school and city buses. The company offers electric-powered transit buses deploying electric drive and battery technologies with a lightweight chassis and low-floor body. Its product line includes All-electric transit buses and All-electric school and shuttle buses. The company's buses depend on clean sheet design and utilise a custom battery management system and a proprietary flex power system for the drive motors. The company operates in one reportable operating segment, being the manufacture and distribution of all-electric transit, school, and charter buses.

Executives

Fraser Atkinson

director, 10 percent owner, officer: CEO and Chairman

C/O EQUUS TOTAL RETURN, INC., 8 GREENWAY PLAZA, SUITE 930, HOUSTON TX 77046