Green Scientific Labs Holdings (XCNQ:GSL) ROCE % : -198.98% (As of Mar. 2023)

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What is Green Scientific Labs Holdings 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. Green Scientific Labs Holdings's annualized ROCE % for the quarter that ended in Mar. 2023 was -198.98%.

Green Scientific Labs Holdings ROCE % Historical Data

The historical data trend for Green Scientific Labs Holdings'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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Green Scientific Labs Holdings ROCE % Chart

Green Scientific Labs Holdings Annual Data

Trend

Apr20

Apr21

Dec22

ROCE %

-959.98

Green Scientific Labs Holdings Quarterly Data
	Jan20	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial							-41.00	-43.64	-69.02	-132.12	-198.98

Green Scientific Labs Holdings ROCE % Calculation

Green Scientific Labs Holdings'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: Apr. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Apr. 2021 )		(A: Dec. 2022 )
	=	-8.875	/	( ( (0.02 - 0.462)	+	(7.879 - 5.588) )	/ 2 )
	=	-8.875	/	( (-0.442	+	2.291)	/ 2 )
	=	-8.875	/	0.9245
	=	-959.98 %

Green Scientific Labs Holdings's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-3.52	/	( ( (7.879 - 5.588)	+	(7.151 - 5.904) )	/ 2 )
	=	-3.52	/	( ( 2.291	+	1.247 )	/ 2 )
	=	-3.52	/	1.769
	=	-198.98 %

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

Green Scientific Labs Holdings (XCNQ:GSL) 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.

Green Scientific Labs Holdings ROCE % Related Terms

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Green Scientific Labs Holdings (XCNQ:GSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Scientific Labs Holdings Inc (XCNQ:GSL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314

Website

https://www.greenscientificlabs.com

Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.