Simply Solventless Concentrates (TSXV:HASH) ROCE % : 23.01% (As of Sep. 2024)

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What is Simply Solventless Concentrates 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. Simply Solventless Concentrates's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.01%.

Simply Solventless Concentrates ROCE % Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates ROCE % Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-127.01

-27.43

29.50

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						23.03	3.58	38.48	75.50	23.01

Simply Solventless Concentrates ROCE % Calculation

Simply Solventless Concentrates'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 )
	=	2.016	/	( ( (10.723 - 2.571)	+	(10.243 - 4.725) )	/ 2 )
	=	2.016	/	( (8.152	+	5.518)	/ 2 )
	=	2.016	/	6.835
	=	29.50 %

Simply Solventless Concentrates'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2.768	/	( ( (15.963 - 7.987)	+	(24.456 - 8.373) )	/ 2 )
	=	2.768	/	( ( 7.976	+	16.083 )	/ 2 )
	=	2.768	/	12.0295
	=	23.01 %

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

Simply Solventless Concentrates (TSXV:HASH) 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.

Simply Solventless Concentrates ROCE % Related Terms

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Simply Solventless Concentrates Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Solventless Concentrates Ltd (TSXV:HASH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SSLCF:USA

Address

4200, 888 - 3rd Street SW, Calgary, AB, CAN, T2P5C5

Website

https://www.simplysolventless.ca

Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers. The company serves the recreational, medical, and business-to-business cannabis markets in Canada.

Executives

Tairance Rutter	Senior Officer
Jeffrey Philip James Swainson	10% Security Holder, Director, Senior Officer
Murray Brown	Senior Officer
William Colin Macdonald	10% Security Holder, Director

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