Cleanspark (Cleanspark) ROCE % : 14.78% (As of Dec. 2023)

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What is Cleanspark 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. Cleanspark's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.78%.

Cleanspark ROCE % Historical Data

The historical data trend for Cleanspark'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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Cleanspark ROCE % Chart

Cleanspark Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-87.23

-64.73

-4.98

-10.75

-23.20

Cleanspark Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-27.41	-14.85	-9.72	-41.71	14.78

Cleanspark ROCE % Calculation

Cleanspark's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-128.326	/	( ( (452.625 - 34.041)	+	(761.578 - 74.055) )	/ 2 )
	=	-128.326	/	( (418.584	+	687.523)	/ 2 )
	=	-128.326	/	553.0535
	=	-23.20 %

Cleanspark'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	111.416	/	( ( (761.578 - 74.055)	+	(862.731 - 42.393) )	/ 2 )
	=	111.416	/	( ( 687.523	+	820.338 )	/ 2 )
	=	111.416	/	753.9305
	=	14.78 %

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

Cleanspark (NAS:CLSK) 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.

Cleanspark ROCE % Related Terms

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Cleanspark (Cleanspark) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cleanspark Inc (NAS:CLSK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CLSK:Mexico 3UX:Germany 3UX:Germany

Address

2370 Corporate Circle, Suite 160, Henderson, NV, USA, 89074

Website

https://www.cleanspark.com

Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.

Executives

Larry Mcneill	director	1185 SOUTH 1800 WEST, SUITE 3, WOODS CROSS UT 84087
Gary Anthony Vecchiarelli	officer: Chief Financial Officer	6980 OBANNON DRIVE, LAS VEGAS NV 89117
Roger Paul Beynon	director	P.O. BOX 1268, BOUNTIFUL UT 84011
Thomas Leigh Wood	director	70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Amanda Cavaleri	director	2370 CORPORATE CIRCLE, SUITE 160, HENDERSON NV 89074
Zachary Bradford	director, officer: CEO and President	2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
S. Matthew Schultz	director, officer: Executive Chairman	2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Amer Tadayon	officer: Chief Revenue Officer	1185 S. 1800 WEST, SUITE 3, WOODS CROSS UT 84087
Lori Love	officer: Chief Financial Officer	70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Anthony M Vastola	officer: Chief Strategy Officer	70 NORTH MAIN STREET, STE. 105, BOUNTIFUL UT 84010
Amanda Kabak	officer: Chief Technology Officer	70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Brian Huber	director, officer: Chief Operating Officer	70 NORTH MAIN STREET, STE. 105, BOUNTIFUL UT 84010
Michael Gary Barrett	officer: COO	2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Bruce Lybbert	director, 10 percent owner, officer: Officer	2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Burkeley J Priest	director, officer: Pres, Sec, Treas & Director	PO BOX 573633, MURRAY UT 84157