AgriFORCE Growing Systems (AgriFORCE Growing Systems) ROCE % : -76.14% (As of Dec. 2023)

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What is AgriFORCE Growing Systems 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. AgriFORCE Growing Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was -76.14%.

AgriFORCE Growing Systems ROCE % Historical Data

The historical data trend for AgriFORCE Growing Systems'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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AgriFORCE Growing Systems ROCE % Chart

AgriFORCE Growing Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-346.38

-145.50

-112.88

-73.00

-27.11

AgriFORCE Growing Systems Quarterly Data
	Dec18	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														-24.36	3.92	-13.02	-52.66	-76.14

AgriFORCE Growing Systems ROCE % Calculation

AgriFORCE Growing Systems'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 )
	=	-3.77	/	( ( (21.847 - 5.361)	+	(17.368 - 6.042) )	/ 2 )
	=	-3.77	/	( (16.486	+	11.326)	/ 2 )
	=	-3.77	/	13.906
	=	-27.11 %

AgriFORCE Growing Systems'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 )
	=	-8.3	/	( ( (17.336 - 6.86)	+	(17.368 - 6.042) )	/ 2 )
	=	-8.3	/	( ( 10.476	+	11.326 )	/ 2 )
	=	-8.3	/	10.901
	=	-76.14 %

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

AgriFORCE Growing Systems (NAS:AGRIW) 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.

AgriFORCE Growing Systems ROCE % Related Terms

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AgriFORCE Growing Systems (AgriFORCE Growing Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AgriFORCE Growing Systems Ltd (NAS:AGRIW) » Definitions » ROCE %

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AGRI:USA

Address

300-2233 Columbia Street, Vancouver, BC, CAN, V5Y 0M6

Website

https://www.agriforcegs.com

AgriFORCE Growing Systems Ltd is a Canada-based company dedicated to transforming modern agricultural development through its proprietary patent-pending facility design and automated growing system. Its methods are designed to produce high-quality, pesticide-free, locally cultivated crops, cost-effectively and with the ability to quickly scale, in virtually any climate.