GREE (Greenidge Generation Holdings) ROCE % : -40.40% (As of Sep. 2024)

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What is Greenidge Generation Holdings 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. Greenidge Generation Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was -40.40%.

Greenidge Generation Holdings ROCE % Historical Data

The historical data trend for Greenidge Generation Holdings'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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Greenidge Generation Holdings ROCE % Chart

Greenidge Generation Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-15.98

-5.16

18.85

-127.91

-28.43

Greenidge Generation Holdings Quarterly Data
	Dec19	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														-68.00	43.21	-17.11	-28.81	-40.40

Greenidge Generation Holdings ROCE % Calculation

Greenidge Generation Holdings'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 )
	=	-16.38	/	( ( (163.767 - 98.722)	+	(71.179 - 20.977) )	/ 2 )
	=	-16.38	/	( (65.045	+	50.202)	/ 2 )
	=	-16.38	/	57.6235
	=	-28.43 %

Greenidge Generation Holdings'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 )
	=	-18.44	/	( ( (62.851 - 14.445)	+	(59.88 - 17.001) )	/ 2 )
	=	-18.44	/	( ( 48.406	+	42.879 )	/ 2 )
	=	-18.44	/	45.6425
	=	-40.40 %

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

Greenidge Generation Holdings (NAS:GREE) 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.

Greenidge Generation Holdings ROCE % Related Terms

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Greenidge Generation Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Greenidge Generation Holdings Inc (NAS:GREE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

590 Plant Road, Dresden, Dresden, NY, USA, 14441

Website

https://www.greenidge.com

Greenidge Generation Holdings Inc owns and operates a vertically integrated cryptocurrency data center and power generation company. The company owns and operates facilities at two locations: the Town of Torrey, New York, and Spartanburg, South Carolina. The cryptocurrency data center operations generate revenue in the form of bitcoin by earning bitcoin as rewards and transaction fees for supporting the bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the company.

Executives

Jordan Kovler	director	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 05890
Dale Irwin	officer: President	GREENIDGE GENERATION HOLDINGS INC., 590 PLANT ROAD, DRESDEN NY 14441
Christian Mulvihill	officer: Chief Financial Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Michael P Neuscheler	director	C/O I3 MOBILE INC, 181 HARBOR DRIVE, STAMFORD CT 06902
Daniel Rothaupt	director	GREENIDGE GENERATION HOLDINGS INC., 590 PLANT ROAD, DRESDEN NY 14441
Atlas Capital Gp Lp	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Atlas Capital Resources Gp Llc	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Andrew M Bursky	director, 10 percent owner
Timothy J Fazio	director, 10 percent owner	ATLAS HOLDINGS LLC, 100 NORTHFIELD STREET, GREENWICH CT 06830
Robert Loughran	officer: Accounting Officer	C/O AVON PRODUCTS, INC., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196
Scott J. Mackenzie	officer: Chief Strategy Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
David Carl Anderson	director, officer: Chief Executive Officer (CEO)	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Terence A. Burke	officer: General Counsel	590 PLANT ROAD, DRESDEN NY 14441
C Clark Webb	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Rha Investments, Inc.	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225