You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. The Company entered the bitcoin mining industry. Through CleanSpark, Inc., and the Company’s wholly owned subsidiaries, the Company mines bitcoin. This article by Simply Wall St is general in nature. Cleanspark Inc is a bitcoin mining company. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. While CleanSpark isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. 2022 to go alongside its two existing mining. 2022 and recently acquired an 80MW facility in Sandersville, Georgia, in Oct. Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 3 warning signs for CleanSpark (of which 2 are a bit unpleasant!) that you should know about. CleanSpark also bought a 36MW facility in Washington, Georgia, in Aug. Ultimately, that's a low return and it under-performs the Software industry average of 10%. Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)Ġ.0097 = US$3.8m ÷ (US$411m - US$20m) (Based on the trailing twelve months to June 2022). To calculate this metric for CleanSpark, this is the formula: Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Understanding Return On Capital Employed (ROCE) So on that note, CleanSpark ( NASDAQ:CLSK) looks quite promising in regards to its trends of return on capital. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for.
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