Helios Technologies (FRA:SH7) ROCE % : 5.61% (As of Mar. 2024)

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What is Helios Technologies 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. Helios Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.61%.

Helios Technologies ROCE % Historical Data

The historical data trend for Helios Technologies'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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Helios Technologies ROCE % Chart

Helios Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.69

3.38

12.70

11.17

5.75

Helios Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.09	8.21	3.81	3.38	5.61

Helios Technologies ROCE % Calculation

Helios Technologies'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 )
	=	73.727	/	( ( (1381.733 - 143.771)	+	(1458.397 - 132.873) )	/ 2 )
	=	73.727	/	( (1237.962	+	1325.524)	/ 2 )
	=	73.727	/	1281.743
	=	5.75 %

Helios Technologies'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 )
	=	74.336	/	( ( (1458.397 - 132.873)	+	(1456.912 - 133.216) )	/ 2 )
	=	74.336	/	( ( 1325.524	+	1323.696 )	/ 2 )
	=	74.336	/	1324.61
	=	5.61 %

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

Helios Technologies (FRA:SH7) 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.

Helios Technologies ROCE % Related Terms

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Helios Technologies (FRA:SH7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Helios Technologies Inc (FRA:SH7) » Definitions » ROCE %

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HLIO:USA

Address

7456 16th Street E, Sarasota, FL, USA, 34243

Website

https://www.heliostechnologies.com

Helios Technologies Inc is a United States-based industrial technology company that develops, manufactures, and markets solutions for the hydraulics and electronics markets. It operates under two business segments: Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic cartridge valves, hydraulic quick release couplings as well as engineers complete hydraulic systems. The Electronics segment designs and manufactures customized electronic controls systems and displays for a variety of end markets including industrial and mobile, recreational and health and wellness.

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