Global Hemp Group (XCNQ:GHG) ROCE % : 0.00% (As of Jun. 2023)

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What is Global Hemp Group 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. Global Hemp Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Global Hemp Group ROCE % Historical Data

The historical data trend for Global Hemp Group'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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Global Hemp Group ROCE % Chart

Global Hemp Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

ROCE %

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-233.68

-176.23

-120.84

-473.28

-143.05

Global Hemp Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-1.93	-742.55	-	-	-

Global Hemp Group ROCE % Calculation

Global Hemp Group's annualized ROCE % for the fiscal year that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	-1.507	/	( ( (3.999 - 1.595)	+	(0.103 - 0.4) )	/ 2 )
	=	-1.507	/	( (2.404	+	-0.297)	/ 2 )
	=	-1.507	/	1.0535
	=	-143.05 %

Global Hemp Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	0.136	/	( ( (0.68 - 0.886)	+	(0.673 - 1.008) )	/ 2 )
	=	0.136	/	( ( -0.206	+	-0.335 )	/ 2 )
	=	0.136	/	-0.2705
	=	0 %

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

Global Hemp Group (XCNQ:GHG) 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.

Global Hemp Group ROCE % Related Terms

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Global Hemp Group (XCNQ:GHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Hemp Group Inc (XCNQ:GHG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GBHPF:USA GHG0:Germany

Address

1169 Mount Seymour Road, Suite 106, North Vancouver, Vancouver, BC, CAN, V7H 2Y4

Website

https://www.globalhempgroup.com

Global Hemp Group Inc is a Canadian company. It is focused on two key business segments - Industrial Hemp and Biopharma. The industrial Hemp division focuses on the environmental uses of hemp for construction and hemp for sustainable bio-energy sources, both contributing to a carbon-negative footprint, and the Health and Wellness Division is focused on the acquisition of exclusive patents and IP through licensing agreements.

Executives

Nikolas Perrault

10% Security Holder