Glow LifeTech (XCNQ:GLOW) ROCE % : -672.81% (As of Sep. 2023)

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What is Glow LifeTech 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. Glow LifeTech's annualized ROCE % for the quarter that ended in Sep. 2023 was -672.81%.

Glow LifeTech ROCE % Historical Data

The historical data trend for Glow LifeTech'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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Glow LifeTech ROCE % Chart

Glow LifeTech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-724.30

-98.59

Glow LifeTech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial														-52.63	-215.55	-139.59	-255.69	-672.81

Glow LifeTech ROCE % Calculation

Glow LifeTech'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 )
	=	-2.268	/	( ( (3.764 - 0.328)	+	(2.308 - 1.143) )	/ 2 )
	=	-2.268	/	( (3.436	+	1.165)	/ 2 )
	=	-2.268	/	2.3005
	=	-98.59 %

Glow LifeTech's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.46	/	( ( (2.128 - 1.707)	+	(1.996 - 1.983) )	/ 2 )
	=	-1.46	/	( ( 0.421	+	0.013 )	/ 2 )
	=	-1.46	/	0.217
	=	-672.81 %

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

Glow LifeTech (XCNQ:GLOW) 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.

Glow LifeTech ROCE % Related Terms

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Glow LifeTech (XCNQ:GLOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Glow LifeTech Corp (XCNQ:GLOW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GLWLF:USA 9DO:Germany

Address

65 International Boulevard, Suite 206, Etobicoke, ON, CAN, M9W 6L9

Website

https://www.glowlifetech.com

Glow LifeTech Corp is a biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption, and effectiveness. Its plant-based MyCell Technology delivery system transforms poorly absorbed natural compounds into enhanced water-compatible concentrates, unlocking the full healing potential of natural active compounds.

Executives

Daniel Proska

Director

Glow LifeTech (XCNQ:GLOW) Headlines

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