Greenway Greenhouse Cannabis (XCNQ:GWAY) ROCE % : -11.64% (As of Sep. 2024)

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What is Greenway Greenhouse Cannabis 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. Greenway Greenhouse Cannabis's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.64%.

Greenway Greenhouse Cannabis ROCE % Historical Data

The historical data trend for Greenway Greenhouse Cannabis'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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Greenway Greenhouse Cannabis ROCE % Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

-5.28

-8.10

-6.13

-13.83

Greenway Greenhouse Cannabis Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												-6.98	-19.23	-15.99	-3.99	-11.64

Greenway Greenhouse Cannabis ROCE % Calculation

Greenway Greenhouse Cannabis's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-3.879	/	( ( (35.305 - 6.79)	+	(33.089 - 5.527) )	/ 2 )
	=	-3.879	/	( (28.515	+	27.562)	/ 2 )
	=	-3.879	/	28.0385
	=	-13.83 %

Greenway Greenhouse Cannabis'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 )
	=	-3.08	/	( ( (32.695 - 5.685)	+	(32.047 - 6.144) )	/ 2 )
	=	-3.08	/	( ( 27.01	+	25.903 )	/ 2 )
	=	-3.08	/	26.4565
	=	-11.64 %

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

Greenway Greenhouse Cannabis (XCNQ:GWAY) 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.

Greenway Greenhouse Cannabis ROCE % Related Terms

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Greenway Greenhouse Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (XCNQ:GWAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GWAYF:USA

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.

Executives

Darren Joseph Peddle

Director

Greenway Greenhouse Cannabis Headlines

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