CRAFT 1861 Global Holdings (NEOE:HUMN) ROCE % : 0.00% (As of Sep. 2023)

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What is CRAFT 1861 Global 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. CRAFT 1861 Global Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

CRAFT 1861 Global Holdings ROCE % Historical Data

The historical data trend for CRAFT 1861 Global 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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CRAFT 1861 Global Holdings ROCE % Chart

CRAFT 1861 Global Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

CRAFT 1861 Global Holdings Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-32.40	177.10	-987.42	-116.75	-

CRAFT 1861 Global Holdings ROCE % Calculation

CRAFT 1861 Global Holdings'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 )
	=	-4.464	/	( ( (147.89 - 151.628)	+	(1.129 - 10.623) )	/ 2 )
	=	-4.464	/	( (-3.738	+	-9.494)	/ 2 )
	=	-4.464	/	-6.616
	=	67.47 %

CRAFT 1861 Global Holdings'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 )
	=	-759.652	/	( ( (210.748 - 146.021)	+	(29.659 - 156.631) )	/ 2 )
	=	-759.652	/	( ( 64.727	+	-126.972 )	/ 2 )
	=	-759.652	/	-31.1225
	=	0 %

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

CRAFT 1861 Global Holdings (NEOE:HUMN) 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.

CRAFT 1861 Global Holdings ROCE % Related Terms

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CRAFT 1861 Global Holdings (NEOE:HUMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CRAFT 1861 Global Holdings Inc (NEOE:HUMN) » Definitions » ROCE %

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BGPPF:USA

Address

100 Sun Avenue NE, Suite 650, Albuquerque, NM, USA, 87109

Website

https://www.craft1861global.com

CRAFT 1861 Global Holdings Inc is a health and wellness company in the cannabinoid space. The company operates within the non-psychoactive, hemp-derived cannabidiol (CBD) market with consumer-packaged goods containing zero THC.

CRAFT 1861 Global Holdings (NEOE:HUMN) Headlines

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