Greenlane Renewables (TSX:GRN) ROCE % : -7.44% (As of Mar. 2024)

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What is Greenlane Renewables 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. Greenlane Renewables's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.44%.

Greenlane Renewables ROCE % Historical Data

The historical data trend for Greenlane Renewables'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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Greenlane Renewables ROCE % Chart

Greenlane Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-49.28

-8.97

-5.86

-9.40

-65.07

Greenlane Renewables Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-14.97	-30.43	-38.49	-180.46	-7.44

Greenlane Renewables ROCE % Calculation

Greenlane Renewables's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-28.394	/	( ( (83.387 - 25.781)	+	(54.355 - 24.688) )	/ 2 )
	=	-28.394	/	( (57.606	+	29.667)	/ 2 )
	=	-28.394	/	43.6365
	=	-65.07 %

Greenlane Renewables's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.108	/	( ( (54.355 - 24.688)	+	(59.586 - 32.58) )	/ 2 )
	=	-2.108	/	( ( 29.667	+	27.006 )	/ 2 )
	=	-2.108	/	28.3365
	=	-7.44 %

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

Greenlane Renewables (TSX:GRN) 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.

Greenlane Renewables ROCE % Related Terms

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Greenlane Renewables (TSX:GRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greenlane Renewables Inc (TSX:GRN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRNWF:USA 52G:Germany

Address

3605 Gilmore Way, Suite 110, Burnaby, BC, CAN, V5G 4X5

Website

https://www.greenlanerenewables.com

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. The company generates revenue in the form of System sales and Aftercare services. The company has its geographic presence in Canada, Europe and United States and Others.

Executives

Candice Alderson

Director