Plantable Health (Plantable Health) ROCE % : -316.17% (As of Jun. 2023)

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What is Plantable Health 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. Plantable Health's annualized ROCE % for the quarter that ended in Jun. 2023 was -316.17%.

Plantable Health ROCE % Historical Data

The historical data trend for Plantable Health'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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Plantable Health ROCE % Chart

Plantable Health Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-461.12

-159.40

Plantable Health Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial						-147.16	-198.35	-308.27	-199.04	-316.17

Plantable Health ROCE % Calculation

Plantable Health's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.015	/	( ( (3.834 - 0.557)	+	(0.71 - 0.204) )	/ 2 )
	=	-3.015	/	( (3.277	+	0.506)	/ 2 )
	=	-3.015	/	1.8915
	=	-159.40 %

Plantable Health's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-0.792	/	( ( (0.448 - 0.118)	+	(0.282 - 0.111) )	/ 2 )
	=	-0.792	/	( ( 0.33	+	0.171 )	/ 2 )
	=	-0.792	/	0.2505
	=	-316.17 %

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

Plantable Health (OTCPK:PLBLF) 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.

Plantable Health ROCE % Related Terms

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Plantable Health (Plantable Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Plantable Health Inc (OTCPK:PLBLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1095 W Pender Street, Suite 750, Vancouver, BC, CAN, V6E 2M6

Website

https://www.plantable.com

Plantable Health Inc offers a lifestyle change program that uses the foundations of behavioral psychology, neuroscience, and nutritional science to transform health and wellness and promote healthy weight loss by facilitating, supporting, and empowering customers through the introduction to and adoption of a plant-centric diet. The meal plans offered by the company include The Reboot, The Quickstart and A La Carte.

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