Heron Lake BioEnergy LLC (Heron Lake BioEnergy LLC) ROCE % : 36.74% (As of Jul. 2021)

View and export this data going back to 2014. Start your Free Trial

What is Heron Lake BioEnergy LLC 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. Heron Lake BioEnergy LLC's annualized ROCE % for the quarter that ended in Jul. 2021 was 36.74%.

Heron Lake BioEnergy LLC ROCE % Historical Data

The historical data trend for Heron Lake BioEnergy LLC'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.

* Premium members only.

Heron Lake BioEnergy LLC ROCE % Chart

Heron Lake BioEnergy LLC Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

ROCE %

Get a 7-Day Free Trial

9.61

12.95

2.19

-9.60

-30.29

Heron Lake BioEnergy LLC Quarterly Data
	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21
ROCE %	Get a 7-Day Free Trial															-29.95	-13.77	-39.04	25.32	36.74

Heron Lake BioEnergy LLC ROCE % Calculation

Heron Lake BioEnergy LLC's annualized ROCE % for the fiscal year that ended in Oct. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2020 )		(A: Oct. 2019 )		(A: Oct. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2020 )		(A: Oct. 2019 )		(A: Oct. 2020 )
	=	-13.997	/	( ( (56.596 - 6.144)	+	(63.08 - 21.116) )	/ 2 )
	=	-13.997	/	( (50.452	+	41.964)	/ 2 )
	=	-13.997	/	46.208
	=	-30.29 %

Heron Lake BioEnergy LLC's ROCE % of for the quarter that ended in Jul. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2021 )		(Q: Apr. 2021 )		(Q: Jul. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2021 )		(Q: Apr. 2021 )		(Q: Jul. 2021 )
	=	20.052	/	( ( (65.558 - 8.083)	+	(62.478 - 10.81) )	/ 2 )
	=	20.052	/	( ( 57.475	+	51.668 )	/ 2 )
	=	20.052	/	54.5715
	=	36.74 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2021) EBIT data.

Heron Lake BioEnergy LLC (GREY:HLBYL) 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.

Heron Lake BioEnergy LLC ROCE % Related Terms

Thank you for viewing the detailed overview of Heron Lake BioEnergy LLC's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Heron Lake BioEnergy LLC (Heron Lake BioEnergy LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Heron Lake BioEnergy LLC (GREY:HLBYL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

91246 390th Avenue, Heron Lake, MN, USA, 56137-1375

Website

http://www.heronlakebioenergy.com

Heron Lake BioEnergy LLC owns and operates an ethanol plant near Heron Lake, Minnesota. It also produces and sells distillers grains with solubles and corn oil as co-products of ethanol production. It operates through two segments, Ethanol Production, and Natural Gas Pipeline. It derives a majority of revenue through the Ethanol Production segment which includes the company's operations at its ethanol plant, including the production and sale of ethanol and its co-products. The business activity is primarily functioned through the region of the United States.

Heron Lake BioEnergy LLC (Heron Lake BioEnergy LLC) Headlines

No Headlines