Goodness Growth Holdings (XCNQ:GDNS) ROCE %

: 385.77% (As of Dec. 2023)

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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. Goodness Growth Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 385.77%.

Goodness Growth Holdings ROCE % Historical Data

The historical data trend for Goodness Growth 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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Goodness Growth Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-128.18

-10.87

-16.28

-10.30

19.93

Goodness Growth Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-0.63	1.63	21.62	327.98	385.77

Goodness Growth Holdings ROCE % Calculation

Goodness Growth 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 )
	=	18.027	/	( ( (216.213 - 40.36)	+	(245.867 - 240.773) )	/ 2 )
	=	18.027	/	( (175.853	+	5.094)	/ 2 )
	=	18.027	/	90.4735
	=	19.93 %

Goodness Growth 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 )
	=	26.14	/	( ( (232.285 - 223.827)	+	(245.867 - 240.773) )	/ 2 )
	=	26.14	/	( ( 8.458	+	5.094 )	/ 2 )
	=	26.14	/	6.776
	=	385.77 %

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

Goodness Growth Holdings (XCNQ:GDNS) 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.

Goodness Growth Holdings ROCE % Related Terms

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Goodness Growth Holdings (XCNQ:GDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Goodness Growth Holdings Inc (XCNQ:GDNS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GDNSF:USA

Address

885 West Georgia Street, Suite 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.goodnessgrowth.com

Goodness Growth Holdings Inc is a cannabis company whose mission is to provide safe access, quality products and value to its customers while supporting its local communities through active participation and restorative justice programs. It operates in one business segment, namely the Cannabis segment that cultivates, processes, and distributes medical and adult-use cannabis products in a variety of formats, as well as related accessories in Maryland, Minnesota, New Mexico, New York, and formerly Arizona, and Ohio.

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