Planet 13 Holdings (Planet 13 Holdings) ROCE % : -5.24% (As of Dec. 2023)

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What is Planet 13 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. Planet 13 Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.24%.

Planet 13 Holdings ROCE % Historical Data

The historical data trend for Planet 13 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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Planet 13 Holdings ROCE % Chart

Planet 13 Holdings Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.18

-1.45

-6.30

-12.97

-9.53

Planet 13 Holdings 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															-16.41	-12.27	-6.59	-9.27	-5.24

Planet 13 Holdings ROCE % Calculation

Planet 13 Holdings'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 )
	=	-16.253	/	( ( (220.063 - 15.375)	+	(151.747 - 15.29) )	/ 2 )
	=	-16.253	/	( (204.688	+	136.457)	/ 2 )
	=	-16.253	/	170.5725
	=	-9.53 %

Planet 13 Holdings'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 )
	=	-7.892	/	( ( (178.379 - 13.347)	+	(151.747 - 15.29) )	/ 2 )
	=	-7.892	/	( ( 165.032	+	136.457 )	/ 2 )
	=	-7.892	/	150.7445
	=	-5.24 %

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

Planet 13 Holdings (OTCPK:PLNH) 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.

Planet 13 Holdings ROCE % Related Terms

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Planet 13 Holdings (Planet 13 Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet 13 Holdings Inc (OTCPK:PLNH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLTH:Canada

Address

2548 West Desert Inn Road, Las Vegas, NV, USA, 89109

Website

https://www.planet13holdings.com

Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.

Executives

Chris Wren	officer: VP of Operations	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Dennis Logan	officer: CFO	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Leighton Koehler	officer: General Counsel	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Larry Scheffler	director, 10 percent owner, officer: Co-CEO	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
David Farris	officer: VP of Sales & Marketing	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Adrienne O'neal	director	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
William Vargas	officer: VP of Finance	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Robert Groesbeck	director, 10 percent owner, officer: Co-CEO	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Lee Fraser	director	4675 W TECO AVE, SUITE 250, LAS VEGAS NV 89118
Todd Hybels	officer: VP of Midwestern Operations	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Michael Lanteri Jennings	officer: Pres. of East Coast Operations	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Michael Harman	director	2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109