Greenfern Industries (NZSE:GFI) ROCE % : -69.57% (As of Sep. 2024)

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What is Greenfern Industries 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. Greenfern Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was -69.57%.

Greenfern Industries ROCE % Historical Data

The historical data trend for Greenfern Industries'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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Greenfern Industries ROCE % Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

-56.45

-54.82

-55.91

Greenfern Industries Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-52.00	-75.03	-35.81	-80.12	-69.57

Greenfern Industries ROCE % Calculation

Greenfern Industries's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-1.452	/	( ( (4.346 - 1.082)	+	(3.215 - 1.285) )	/ 2 )
	=	-1.452	/	( (3.264	+	1.93)	/ 2 )
	=	-1.452	/	2.597
	=	-55.91 %

Greenfern Industries'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-1.152	/	( ( (3.215 - 1.285)	+	(2.72 - 1.338) )	/ 2 )
	=	-1.152	/	( ( 1.93	+	1.382 )	/ 2 )
	=	-1.152	/	1.656
	=	-69.57 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Greenfern Industries (NZSE:GFI) 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.

Greenfern Industries ROCE % Related Terms

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Greenfern Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 Albert Street, Level 8, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

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