The Good Shroom Co (The Good Shroom Co) ROCE % : 38.18% (As of Jan. 2024)

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What is The Good Shroom Co 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. The Good Shroom Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 38.18%.

The Good Shroom Co ROCE % Historical Data

The historical data trend for The Good Shroom Co'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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The Good Shroom Co ROCE % Chart

The Good Shroom Co Annual Data

Trend

Jul21

Jul22

Jul23

ROCE %

-189.16

-106.98

-62.80

The Good Shroom Co Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial								-51.82	8.22	-130.27	71.13	38.18

The Good Shroom Co ROCE % Calculation

The Good Shroom Co's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.341	/	( ( (1.271 - 0.546)	+	(1.093 - 0.732) )	/ 2 )
	=	-0.341	/	( (0.725	+	0.361)	/ 2 )
	=	-0.341	/	0.543
	=	-62.80 %

The Good Shroom Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	0.168	/	( ( (1.432 - 1.017)	+	(1.267 - 0.802) )	/ 2 )
	=	0.168	/	( ( 0.415	+	0.465 )	/ 2 )
	=	0.168	/	0.44
	=	38.18 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

The Good Shroom Co (OTCPK:TGSHF) 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.

The Good Shroom Co ROCE % Related Terms

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The Good Shroom Co (The Good Shroom Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » The Good Shroom Co Inc (OTCPK:TGSHF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MUSH:Canada

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.thegoodshroom.co

The Good Shroom Co Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The Teo Nan brand is a functional mushroom beverage range serving the American and Canadian wellness market via DTC and retail; The Nordique Royale is a premium quality hash; and The Velada brand is a range of CBD-infused functional mushroom beverages serving the Canadian legal cannabis market.

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