Good2Go4 (TSXV:GFOR.P) ROCE % : -23.26% (As of Mar. 2024)

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What is Good2Go4 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. Good2Go4's annualized ROCE % for the quarter that ended in Mar. 2024 was -23.26%.

Good2Go4 ROCE % Historical Data

The historical data trend for Good2Go4'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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Good2Go4 ROCE % Chart

Good2Go4 Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-68.57

-18.18

Good2Go4 Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-21.10	-22.22	-25.62	-45.16	-23.26

Good2Go4 ROCE % Calculation

Good2Go4's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.042	/	( ( (0.267 - 0.015)	+	(0.225 - 0.015) )	/ 2 )
	=	-0.042	/	( (0.252	+	0.21)	/ 2 )
	=	-0.042	/	0.231
	=	-18.18 %

Good2Go4'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 )
	=	-0.04	/	( ( (0.181 - 0.005)	+	(0.169 - 0.001) )	/ 2 )
	=	-0.04	/	( ( 0.176	+	0.168 )	/ 2 )
	=	-0.04	/	0.172
	=	-23.26 %

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

Good2Go4 (TSXV:GFOR.P) 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.

Good2Go4 ROCE % Related Terms

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Good2Go4 (TSXV:GFOR.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Good2Go4 Corp (TSXV:GFOR.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 King Street West, Suite 1505, Toronto, ON, CAN, M5H 1A1

Website

Good2Go4 Corp is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a Qualifying transaction.

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