Pineapple Express Cannabis Co (Pineapple Express Cannabis Co) ROCE % : -4.60% (As of Jan. 2024)

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What is Pineapple Express Cannabis Co 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. Pineapple Express Cannabis Co's annualized ROCE % for the quarter that ended in Jan. 2024 was -4.60%.

Pineapple Express Cannabis Co ROCE % Historical Data

The historical data trend for Pineapple Express Cannabis Co'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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Pineapple Express Cannabis Co ROCE % Chart

Pineapple Express Cannabis Co Annual Data

Trend

Jan22

Jan23

Jan24

ROCE %

Pineapple Express Cannabis Co Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial				-	-	-12.42	-0.81	-4.60

Pineapple Express Cannabis Co ROCE % Calculation

Pineapple Express Cannabis Co's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-0.057	/	( ( (0.002 - 0.547)	+	(0.002 - 0.018) )	/ 2 )
	=	-0.057	/	( (-0.545	+	-0.016)	/ 2 )
	=	-0.057	/	-0.2805
	=	20.32 %

Pineapple Express Cannabis Co'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 )
	=	-0.024	/	( ( (1.076 - 0.016)	+	(0.002 - 0.018) )	/ 2 )
	=	-0.024	/	( ( 1.06	+	-0.016 )	/ 2 )
	=	-0.024	/	0.522
	=	-4.60 %

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

Pineapple Express Cannabis Co (OTCPK:PNXP) 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.

Pineapple Express Cannabis Co ROCE % Related Terms

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Pineapple Express Cannabis Co (Pineapple Express Cannabis Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Pineapple Express Cannabis Co (OTCPK:PNXP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10351 Santa Monica Boulevard, Suite 420, Los Angeles, CA, USA, 90025

Website

https://www.pineappleconsolidated.com

Pineapple Express Cannabis Co is a world-renowned Dispensary located at the iconic corner of Hollywood Blvd and Vine Street in Los Angeles, CA. Pineapple Express carries the best cannabis products in California at a competitive price with FAST and friendly service. It has everything from cannabis flowers to pre-rolls, concentrates, topicals, and edibles, and constantly updates Its inventory with the latest and greatest strains. The company also offers fast and discreet cannabis delivery services.

Executives

Matthew Feinstein

director, 10 percent owner, officer: CEO

8439 W. SUNSET BLVD., SUITE 101, WEST HOLLYWOOD CA 90069

Pineapple Express Cannabis Co (Pineapple Express Cannabis Co) Headlines

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