Alliance Growers (FRA:1LA) ROCE % : -33.69% (As of May. 2019)

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What is Alliance Growers 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. Alliance Growers's annualized ROCE % for the quarter that ended in May. 2019 was -33.69%.

Alliance Growers ROCE % Historical Data

The historical data trend for Alliance Growers'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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Alliance Growers ROCE % Chart

Alliance Growers Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

ROCE %

-13.92

-254.14

-14,435.29

-345.12

Alliance Growers Quarterly Data
	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19
ROCE %	Get a 7-Day Free Trial															-56.45	-176.68	-253.82	-31.49	-33.69

Alliance Growers ROCE % Calculation

Alliance Growers's annualized ROCE % for the fiscal year that ended in Aug. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2018 )		(A: Aug. 2017 )		(A: Aug. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2018 )		(A: Aug. 2017 )		(A: Aug. 2018 )
	=	-3.113	/	( ( (0.329 - 0.217)	+	(1.944 - 0.252) )	/ 2 )
	=	-3.113	/	( (0.112	+	1.692)	/ 2 )
	=	-3.113	/	0.902
	=	-345.12 %

Alliance Growers's ROCE % of for the quarter that ended in May. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2019 )		(Q: Feb. 2019 )		(Q: May. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2019 )		(Q: Feb. 2019 )		(Q: May. 2019 )
	=	-0.716	/	( ( (2.461 - 0.239)	+	(2.302 - 0.274) )	/ 2 )
	=	-0.716	/	( ( 2.222	+	2.028 )	/ 2 )
	=	-0.716	/	2.125
	=	-33.69 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2019) EBIT data.

Alliance Growers (FRA:1LA) 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.

Alliance Growers ROCE % Related Terms

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Alliance Growers (FRA:1LA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Alliance Growers Corp (FRA:1LA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6

Website

http://www.alliancegrowers.com

Alliance Growers Corp is a Canada based diversified cannabis company. It principally operates through the four key divisions namely, Cannabis Botany Centre, Strategic Access to Cannabis for Medical Purposes Regulations Investments, Cannabidiol Oil Supply and Distribution, and Research and Development. The company is primarily focused on the development of Cannabis Botany Centres in Canada.

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