MJ Harvest (MJ Harvest) ROCE % : -79.00% (As of Feb. 2023)

View and export this data going back to 2004. Start your Free Trial

What is MJ Harvest 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. MJ Harvest's annualized ROCE % for the quarter that ended in Feb. 2023 was -79.00%.

MJ Harvest ROCE % Historical Data

The historical data trend for MJ Harvest'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.

* Premium members only.

MJ Harvest ROCE % Chart

MJ Harvest Annual Data

Trend

May19

May20

May21

May22

ROCE %

-332.48

-324.50

-709.49

-108.14

MJ Harvest Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
ROCE %	Get a 7-Day Free Trial													-57.91	-154.67	-36.14	-49.11	-79.00

MJ Harvest ROCE % Calculation

MJ Harvest's annualized ROCE % for the fiscal year that ended in May. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	-2.098	/	( ( (1.294 - 0.532)	+	(3.791 - 0.673) )	/ 2 )
	=	-2.098	/	( (0.762	+	3.118)	/ 2 )
	=	-2.098	/	1.94
	=	-108.14 %

MJ Harvest's ROCE % of for the quarter that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2023 )		(Q: Nov. 2022 )		(Q: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2023 )		(Q: Nov. 2022 )		(Q: Feb. 2023 )
	=	-2.268	/	( ( (8.815 - 5.038)	+	(8.934 - 6.969) )	/ 2 )
	=	-2.268	/	( ( 3.777	+	1.965 )	/ 2 )
	=	-2.268	/	2.871
	=	-79.00 %

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

MJ Harvest (OTCPK:MJHI) 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.

MJ Harvest ROCE % Related Terms

Thank you for viewing the detailed overview of MJ Harvest's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

MJ Harvest (MJ Harvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139

Website

https://www.mjharvestinc.com

MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.

Executives

David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell	director, 10 percent owner	14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr	officer: CFO	5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton	director, 10 percent owner, officer: Chief Executive Officer	9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139