EAATF (Earthworks Industries) ROCE % : -8.20% (As of Aug. 2024)

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What is Earthworks Industries 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. Earthworks Industries's annualized ROCE % for the quarter that ended in Aug. 2024 was -8.20%.

Earthworks Industries ROCE % Historical Data

The historical data trend for Earthworks Industries'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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Earthworks Industries ROCE % Chart

Earthworks Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-4.83

-5.72

-6.81

-13.17

32.19

Earthworks Industries Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															-13.28	145.21	-20.94	-11.96	-8.20

Earthworks Industries ROCE % Calculation

Earthworks Industries's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	2.176	/	( ( (8.995 - 1.876)	+	(9.548 - 3.147) )	/ 2 )
	=	2.176	/	( (7.119	+	6.401)	/ 2 )
	=	2.176	/	6.76
	=	32.19 %

Earthworks Industries's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-0.436	/	( ( (9.069 - 3.712)	+	(9.147 - 3.868) )	/ 2 )
	=	-0.436	/	( ( 5.357	+	5.279 )	/ 2 )
	=	-0.436	/	5.318
	=	-8.20 %

(1) Note: The EBIT data used here is four times the quarterly (Aug. 2024) EBIT data.

Earthworks Industries (OTCPK:EAATF) 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.

Earthworks Industries ROCE % Related Terms

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Earthworks Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Earthworks Industries Inc (OTCPK:EAATF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EWK:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.earthworksinc.com

Earthworks Industries Inc is engaged in waste disposal. The company project includes Cortina Integrated Waste Management Project. Its geographical segments include Canada and the United States.

Earthworks Industries Headlines

From GuruFocus

Earthworks Industries Inc. - CORTINA UPDATE

By PRNewswire • 08-16-2023

EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT IN CALIFORNIA

By PRNewswire • 07-21-2023