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Code Green Apparel (Code Green Apparel) ROCE % : 0.00% (As of Sep. 2017)


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What is Code Green Apparel 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. Code Green Apparel's annualized ROCE % for the quarter that ended in Sep. 2017 was 0.00%.

Code Green Apparel ROCE % Historical Data

The historical data trend for Code Green Apparel'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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Code Green Apparel ROCE % Chart

Code Green Apparel Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec15 Dec16
ROCE %
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Code Green Apparel Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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Code Green Apparel ROCE % Calculation

Code Green Apparel's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2016 )  (A: Dec. 2015 )(A: Dec. 2016 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2016 )  (A: Dec. 2015 )(A: Dec. 2016 )
=-2.553/( ( (0.266 - 1.503) + (0.044 - 2.626) )/ 2 )
=-2.553/( (-1.237+-2.582)/ 2 )
=-2.553/-1.9095
=133.70 %

Code Green Apparel's ROCE % of for the quarter that ended in Sep. 2017 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2017 )  (Q: Jun. 2017 )(Q: Sep. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2017 )  (Q: Jun. 2017 )(Q: Sep. 2017 )
=-1.804/( ( (0.027 - 2.116) + (0.01 - 2.925) )/ 2 )
=-1.804/( ( -2.089 + -2.915 )/ 2 )
=-1.804/-2.502
=0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2017) 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.

Code Green Apparel  (OTCPK:CGAC) 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.

Code Green Apparel ROCE % Related Terms

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Code Green Apparel (Code Green Apparel) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Code Green Apparel Corp (OTCPK:CGAC) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
9713 Stratus Drive, Dripping Springs, TX, USA, 78620
Website
http://www.codegreenapparel.com
Code Green Apparel Corp is a bitcoin mining company. The company's objective is to mine bitcoin and sell it for cash and declare and distribute dividends with respect to available cash to its holders of the capital stock.