WHLT (Chase Packaging) ROCE % : -27.85% (As of Sep. 2024)

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What is Chase Packaging 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. Chase Packaging's annualized ROCE % for the quarter that ended in Sep. 2024 was -27.85%.

Chase Packaging ROCE % Historical Data

The historical data trend for Chase Packaging'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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Chase Packaging ROCE % Chart

Chase Packaging Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-25.88

-31.02

-13.51

-12.79

-17.48

Chase Packaging Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-11.82	-23.47	-42.68	-33.28	-27.85

Chase Packaging ROCE % Calculation

Chase Packaging'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 )
	=	-0.072	/	( ( (0.441 - 0)	+	(0.388 - 0.005) )	/ 2 )
	=	-0.072	/	( (0.441	+	0.383)	/ 2 )
	=	-0.072	/	0.412
	=	-17.48 %

Chase Packaging'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 )
	=	-0.088	/	( ( (0.328 - 0.003)	+	(0.31 - 0.003) )	/ 2 )
	=	-0.088	/	( ( 0.325	+	0.307 )	/ 2 )
	=	-0.088	/	0.316
	=	-27.85 %

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

Chase Packaging (OTCPK:WHLT) 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.

Chase Packaging ROCE % Related Terms

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Chase Packaging Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Chase Packaging Corp (OTCPK:WHLT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

PO Box 126, Rumson, NJ, USA, 07760

Website

https://www.chasepackagingcorp.com

Chase Packaging Corp is a shell company.

Executives

John A Forbes	director	107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Matthew W Long	director	2581 E KERCHER ROAD, GOSHEN IN 46528
Mark C Neilson	director	1361 BRIDGEWATER WAY, MISHAWAKA IN 46545
Wayne A Whitener	director	101 E. PARK BLVD. STE 955, PLANO TX 75074-0846
William J Barrett	director, 10 percent owner, officer: Secretary	210 SUNDIAL COURT, VERO BEACH FL 32963
Allen T Mcinnes	director, 10 percent owner, officer: President and CEO	4532 7TH STREET, LUBBOCK TX 79416
Herbert M Gardner	director, 10 percent owner, officer: Vice President	P O BOX 6199, FAIR HAVEN NJ 07704
Green Ann C W	officer: CFO and Assistant Secretary	636 RIVER ROAD, FAIR HAVEN NJ 07704
Edward L Flynn	director	211 SOMERVILLE ROAD RTE 202N, BEDMINISTER NJ 07921

Chase Packaging Headlines

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By ACCESSWIRE • 02-14-2024

Chase Packaging Corporation Announces Expiration of Indication of Interest

By ACCESSWIRE • 04-29-2024