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Earth Alive Clean Technologies (TSXV:EAC) ROCE % : -86.13% (As of Dec. 2023)


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What is Earth Alive Clean Technologies 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. Earth Alive Clean Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -86.13%.

Earth Alive Clean Technologies ROCE % Historical Data

The historical data trend for Earth Alive Clean Technologies'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.

* Premium members only.

Earth Alive Clean Technologies ROCE % Chart

Earth Alive Clean Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -767.62 -66.92 -75.09 -68.13 -65.90

Earth Alive Clean Technologies 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -92.84 -74.88 -43.80 -43.95 -86.13

Earth Alive Clean Technologies ROCE % Calculation

Earth Alive Clean Technologies'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 )
=-4.424/( ( (9.145 - 1.824) + (7.001 - 0.895) )/ 2 )
=-4.424/( (7.321+6.106)/ 2 )
=-4.424/6.7135
=-65.90 %

Earth Alive Clean Technologies'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 )
=-5.924/( ( (8.341 - 0.691) + (7.001 - 0.895) )/ 2 )
=-5.924/( ( 7.65 + 6.106 )/ 2 )
=-5.924/6.878
=-86.13 %

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

* 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.

Earth Alive Clean Technologies  (TSXV:EAC) 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.

Earth Alive Clean Technologies ROCE % Related Terms

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Earth Alive Clean Technologies (TSXV:EAC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Earth Alive Clean Technologies Inc (TSXV:EAC) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
1050 Cote du Beaver Hall, Suite 1560, Montreal, QC, CAN, H2Z 1S4
Website
https://www.earthalivect.com
Earth Alive Clean Technologies Inc is focused on formulating and manufacturing products using microbial technology. The company uses microbial technology to create products in agriculture and dust control. The company operates through two segments, Agriculture and Infrastructure & Maintenance. The Agriculture segment provides environmentally friendly products for retail and industrial usage such as fertilizers and soil amendments. The Infrastructure & Maintenance segment provides a biodegradable microbial product that abates dust. It has a business presence in Canada, the United States, Central and South America, Europe, and Africa.