High Sierra Technologies (High Sierra Technologies) ROCE % : 0.00% (As of Sep. 2023)

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What is High Sierra 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. High Sierra Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

High Sierra Technologies ROCE % Historical Data

The historical data trend for High Sierra 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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High Sierra Technologies ROCE % Chart

High Sierra Technologies Annual Data

Trend

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ROCE %

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High Sierra Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

High Sierra Technologies ROCE % Calculation

High Sierra Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.238	/	( ( (0.148 - 0.485)	+	(0.102 - 0.562) )	/ 2 )
	=	-0.238	/	( (-0.337	+	-0.46)	/ 2 )
	=	-0.238	/	-0.3985
	=	59.72 %

High Sierra Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.292	/	( ( (0.059 - 0.731)	+	(0.066 - 0.646) )	/ 2 )
	=	-0.292	/	( ( -0.672	+	-0.58 )	/ 2 )
	=	-0.292	/	-0.626
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

High Sierra Technologies (OTCPK:HSTI) 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.

High Sierra Technologies ROCE % Related Terms

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High Sierra Technologies (High Sierra Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » High Sierra Technologies Inc (OTCPK:HSTI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1495 Ridgeview Drive, Suite 230A, Reno, NV, USA, 89519

Website

https://www.high-sierra.com

High Sierra Technologies Inc is a start-up that develops and expands its intellectual property portfolio with an emphasis on the recreational cannabis industry as well as the industrial hemp industry. The company owns two provisional patent applications for the production of new and novel cannabis products.

Executives

Jeffrey M. Pogol	officer: Vice President	17160 SNOWBERRY DRIVE, RENO NV 89511
Michael Vardakis	director, 10 percent owner, officer: President	234 7TH AVE, SALT LAKE CITY UT 84103
Gregg William Koechlein	10 percent owner, officer: CFO, COO, Secretary and Treasu	2560 GREENSBORO DRIVE, RENO NV 89509
Melissa Ladakis	director, officer: Secretary/Treasurer	1396 MICHIGAN AVENUE, SALT LAKE CITY UT 84105
Vincent Lombardi	10 percent owner	979 WESTCLIFF LANE, RENO NV 89523