Himalaya Technologies (Himalaya Technologies) ROCE % : 0.00% (As of Jan. 2024)

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What is Himalaya Technologies 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. Himalaya Technologies's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Himalaya Technologies ROCE % Historical Data

The historical data trend for Himalaya Technologies'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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Himalaya Technologies ROCE % Chart

Himalaya Technologies Annual Data

Trend

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ROCE %

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Himalaya Technologies Quarterly Data
	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Himalaya Technologies ROCE % Calculation

Himalaya Technologies's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.544	/	( ( (0.327 - 1.021)	+	(0.036 - 1.162) )	/ 2 )
	=	-0.544	/	( (-0.694	+	-1.126)	/ 2 )
	=	-0.544	/	-0.91
	=	59.78 %

Himalaya Technologies's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.4	/	( ( (0.035 - 0.933)	+	(0.137 - 0.696) )	/ 2 )
	=	-1.4	/	( ( -0.898	+	-0.559 )	/ 2 )
	=	-1.4	/	-0.7285
	=	0 %

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

Himalaya Technologies (OTCPK:HMLA) 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.

Himalaya Technologies ROCE % Related Terms

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Himalaya Technologies (Himalaya Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Himalaya Technologies Inc (OTCPK:HMLA) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

831 West North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.himalayatechnologies.com

Himalaya Technologies Inc along with its subsidiaries is targeting information services for the cannabis industry. The company uses its social site Kanab.Club. It is a cannabis social media platform which acts as a benchmark for uniting the cannabis community.

Executives

Vikram P Grover	director, 10 percent owner, officer: CEO, Chairman	1340 BROOK ST. UNIT M, ST CHARLES IL 60174
Paul D Maniscalco	officer: Chief Financial Officer	1600 STOUT STREET, #450, DENVER CO 80202
St James David M	director	3395 S. JONES BLVD., #169, LAS VEGAS NV 89146
Thomas Fw Campbell	10 percent owner	1155 W. CALLE FUENTE DE CARINO, SAHUARITA AZ 85629