GRCMF (Green Shift Commodities) ROCE % : -19.20% (As of Sep. 2024)

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What is Green Shift Commodities 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. Green Shift Commodities's annualized ROCE % for the quarter that ended in Sep. 2024 was -19.20%.

Green Shift Commodities ROCE % Historical Data

The historical data trend for Green Shift Commodities'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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Green Shift Commodities ROCE % Chart

Green Shift Commodities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-82.24

-113.71

Green Shift Commodities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-84.39	-35.09	-55.75	342.76	-19.20

Green Shift Commodities ROCE % Calculation

Green Shift Commodities'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 )
	=	-1.966	/	( ( (3.815 - 1.871)	+	(3.916 - 2.402) )	/ 2 )
	=	-1.966	/	( (1.944	+	1.514)	/ 2 )
	=	-1.966	/	1.729
	=	-113.71 %

Green Shift Commodities's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.22	/	( ( (6.129 - 0.325)	+	(7.311 - 0.405) )	/ 2 )
	=	-1.22	/	( ( 5.804	+	6.906 )	/ 2 )
	=	-1.22	/	6.355
	=	-19.20 %

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

Green Shift Commodities (OTCPK:GRCMF) 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.

Green Shift Commodities ROCE % Related Terms

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Green Shift Commodities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Green Shift Commodities Ltd (OTCPK:GRCMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7WV:Germany GCOM:Canada

Address

401-217 Queen Street West, Toronto, ON, CAN, M5V 0R2

Website

https://www.greenshiftcommodities.com

Green Shift Commodities Ltd is a Canadian-based exploration company focused on the exploration of uranium and related minerals in South America. The group has a business presence in Canada, Colombia and Argentina.