Good Natured Products (TSXV:GDNP) ROCE % : -36.74% (As of Dec. 2023)

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What is Good Natured Products 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. Good Natured Products's annualized ROCE % for the quarter that ended in Dec. 2023 was -36.74%.

Good Natured Products ROCE % Historical Data

The historical data trend for Good Natured Products'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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Good Natured Products ROCE % Chart

Good Natured Products Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-36.05

-16.89

-23.61

-11.08

-14.42

Good Natured Products 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															-15.64	-4.30	-9.82	-6.27	-36.74

Good Natured Products ROCE % Calculation

Good Natured Products's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-10.493	/	( ( (104.441 - 24.858)	+	(96.04 - 30.112) )	/ 2 )
	=	-10.493	/	( (79.583	+	65.928)	/ 2 )
	=	-10.493	/	72.7555
	=	-14.42 %

Good Natured Products'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 )
	=	-25.964	/	( ( (103.149 - 27.72)	+	(96.04 - 30.112) )	/ 2 )
	=	-25.964	/	( ( 75.429	+	65.928 )	/ 2 )
	=	-25.964	/	70.6785
	=	-36.74 %

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

Good Natured Products (TSXV:GDNP) 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.

Good Natured Products ROCE % Related Terms

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Good Natured Products (TSXV:GDNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Good Natured Products Inc (TSXV:GDNP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GDNPF:USA 2VL:Germany

Address

814 - 470 Granville Street, Vancouver, BC, CAN, V6C 1V5

Website

https://www.goodnatured.ca

Good Natured Products Inc offers a broad assortment of plant-based products. All of the Company's operations are within the packaging and consumer goods manufacturing industry. The Company manufactures and/or sources over 400 products that are grouped into five business groups: General Merchandise, Packaging, Industrial, Commercial Supplies, and Services. The Company offers its products through wholesale, direct to business, and retail channels.

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