GRIID Infrastructure (NEOE:GRDI) ROCE % : -13.54% (As of Mar. 2024)

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What is GRIID Infrastructure 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. GRIID Infrastructure's annualized ROCE % for the quarter that ended in Mar. 2024 was -13.54%.

GRIID Infrastructure ROCE % Historical Data

The historical data trend for GRIID Infrastructure'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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GRIID Infrastructure ROCE % Chart

GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-14.35

-117.89

67.34

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-47.83	-60.32	-55.03	-	-13.54

GRIID Infrastructure ROCE % Calculation

GRIID Infrastructure'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 )
	=	26.036	/	( ( (62.683 - 12.256)	+	(56.625 - 29.722) )	/ 2 )
	=	26.036	/	( (50.427	+	26.903)	/ 2 )
	=	26.036	/	38.665
	=	67.34 %

GRIID Infrastructure's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-3.704	/	( ( (56.625 - 29.722)	+	(57.134 - 29.342) )	/ 2 )
	=	-3.704	/	( ( 26.903	+	27.792 )	/ 2 )
	=	-3.704	/	27.3475
	=	-13.54 %

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

GRIID Infrastructure (NEOE:GRDI) 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.

GRIID Infrastructure ROCE % Related Terms

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GRIID Infrastructure (NEOE:GRDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NEOE:GRDI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRIF:USA

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (NEOE:GRDI) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024