CleanCore Solutions (CleanCore Solutions) ROCE % : 0.00% (As of Dec. 2023)

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What is CleanCore Solutions 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. CleanCore Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

CleanCore Solutions ROCE % Historical Data

The historical data trend for CleanCore Solutions'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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CleanCore Solutions ROCE % Chart

CleanCore Solutions Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

CleanCore Solutions Quarterly Data
	Jun21	Mar22	Jun22	Oct22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-	-7.44	-61.92	-

CleanCore Solutions ROCE % Calculation

CleanCore Solutions'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	/	( ( (1.764 - 7.772)	+	(6.093 - 3.949) )	/ 2 )
	=	0	/	( (-6.008	+	2.144)	/ 2 )
	=	0	/	-1.932
	=	0.00 %

CleanCore Solutions's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0	/	( ( (6.093 - 3.949)	+	(5.817 - 4.393) )	/ 2 )
	=	0	/	( ( 2.144	+	1.424 )	/ 2 )
	=	0	/	1.784
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CleanCore Solutions (AMEX:ZONE) 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.

CleanCore Solutions ROCE % Related Terms

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CleanCore Solutions (CleanCore Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CleanCore Solutions Inc (AMEX:ZONE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5920 South 118th Circle, Suite 2, Omaha, NE, USA, 68137

Website

https://www.cleancoresol.com

CleanCore Solutions Inc engages in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. The firm has a patented nanobubble technology using aqueous ozone that is effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. The company offers products and solutions that are marketed for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Its products are used in many types of environments including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare, food service, and commercial buildings such as offices, malls, and stores.

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