Greenkraft (Greenkraft) ROCE % : -6.47% (As of Sep. 2019)

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What is Greenkraft 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. Greenkraft's annualized ROCE % for the quarter that ended in Sep. 2019 was -6.47%.

Greenkraft ROCE % Historical Data

The historical data trend for Greenkraft'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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Greenkraft ROCE % Chart

Greenkraft Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-74.72

Greenkraft Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial															-58.49	-193.75	111.01	-45.94	-6.47

Greenkraft ROCE % Calculation

Greenkraft's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-0.693	/	( ( (2.09 - 1.061)	+	(1.988 - 1.162) )	/ 2 )
	=	-0.693	/	( (1.029	+	0.826)	/ 2 )
	=	-0.693	/	0.9275
	=	-74.72 %

Greenkraft's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-0.06	/	( ( (2.476 - 1.481)	+	(2.35 - 1.49) )	/ 2 )
	=	-0.06	/	( ( 0.995	+	0.86 )	/ 2 )
	=	-0.06	/	0.9275
	=	-6.47 %

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

Greenkraft (OTCPK:GKIT) 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.

Greenkraft ROCE % Related Terms

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Greenkraft (Greenkraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Greenkraft Inc (OTCPK:GKIT) » Definitions » ROCE %

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N/A

Address

2530 South Birch Street, Santa Ana, CA, USA, 92707

Website

http://www.greenkraftinc.com

Greenkraft Inc is a manufacturer and distributor of automotive products. It manufactures commercial forward cabin trucks for vehicles in alternative fuels and electric vehicles. The company also manufactures and sells alternative fuel engines. Its products include Commercial trucks, Alternative fuel systems and Engines.

Greenkraft (Greenkraft) Headlines

From GuruFocus

Greenkraft expands its distribution network

By PRNewswire PRNewswire • 06-13-2018

Greenkraft is producing heavy duty class 6 CNG trucks to fulfill orders!

By PRNewswire PRNewswire • 07-25-2018

Greenkraft has received several orders worth hundreds of thousands of dollars and will be delivering very soon!

By PRNewswire PRNewswire • 11-13-2018

Greenkraft trucks eligible for huge incentives!

By Marketwired Marketwired • 04-17-2019

Greenkraft is receiving orders for its natural gas heavy duty trucks

By Marketwired Marketwired • 05-30-2018

Greenkraft sees high demand for its natural gas heavy duty trucks

By Marketwired Marketwired • 04-20-2018