Hero Technologies (Hero Technologies) ROCE % : -3,051.85% (As of Sep. 2023)

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What is Hero 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. Hero Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -3,051.85%.

Hero Technologies ROCE % Historical Data

The historical data trend for Hero 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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Hero Technologies ROCE % Chart

Hero Technologies Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec20

Dec21

Dec22

ROCE %

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-11.02

-0.02

-93.55

Hero Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Mar18	Jun18	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-3,051.85

Hero Technologies ROCE % Calculation

Hero Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.507	/	( ( (0.187 - 0.202)	+	(0.645 - 0.836) )	/ 2 )
	=	-0.507	/	( (-0.015	+	-0.191)	/ 2 )
	=	-0.507	/	-0.103
	=	492.23 %

Hero Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.648	/	( ( (0.164 - 0.1)	+	(0.144 - 0.1) )	/ 2 )
	=	-1.648	/	( ( 0.064	+	0.044 )	/ 2 )
	=	-1.648	/	0.054
	=	-3,051.85 %

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

Hero Technologies (OTCPK:HENC) 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.

Hero Technologies ROCE % Related Terms

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Hero Technologies (Hero Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hero Technologies Inc (OTCPK:HENC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 The Green, Suite 4000, Dover, DE, USA, 19901

Website

https://www.herotechnologiesinc.com

Hero Technologies Inc is a cannabis company with a vertically integrated business model and plan that includes cannabis genetic engineering, farmland for medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, retail operations, and dispensaries. It focuses on two principal segments of the cannabis industry, cultivation, and the dispensary business model, including combinations.

Executives

Gina L. Serkasevich	officer: CFO and Treasurer	310 COMMONS TRAIL LANE, HUFFMAN TX 77336
Keith Elliott Macdonald	director	203 HERITAGE PLAVE, CALGARY A0 T3Z 3P3
K James Ebeling	director	3726 WICKERSHAM LANE, HOUSTON TX 77027
James Douglas Brown	director, 10 percent owner, officer: Secretary	11200 WESTHEIMER, SUITE 200, HOUSTON TX 77042
Holloman Value Holdings, Llc	10 percent owner	333 NORTH SAM HOUSTON PARKWAY EAST, SUITE 600, HOUSTON TX 77060
Robert Wesolek	officer: Chief Financial Officer
Mark E. Stevenson	director, officer: Secretary	8225 SAN DIEGO ST., ODESSA TX 79765
Eric C Prim	director	4901 POLO PARKWAY, MIDLAND TX 79705
Grant M Petersen	officer: Chief Executive Officer	1027 DAVIE ST., SUITE 482, VANCOUVER A1 V4E 1N9
Holloman Corp	other: Affiliate	5257 WEST INTERSTATE 20, PO BOX 69410, ODESSA TX 79769
Holloman Oil & Gas Ltd.	10 percent owner	88 FORREST STREET, UNITS 8-9, COTTESLOE C3 6011
David R Lewis	director	11115 EAST MONTGOMERY DRIVE, SUITE G, SPOKANE VALLEY WA 99206