Clean Power Hydrogen (LSE:CPH2) ROCE % : -24.65% (As of Dec. 2023)

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What is Clean Power Hydrogen 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. Clean Power Hydrogen's annualized ROCE % for the quarter that ended in Dec. 2023 was -24.65%.

Clean Power Hydrogen ROCE % Historical Data

The historical data trend for Clean Power Hydrogen'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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Clean Power Hydrogen ROCE % Chart

Clean Power Hydrogen Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-121.10

-83.54

-116.07

-24.32

-20.36

Clean Power Hydrogen Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-80.25	-13.80	-18.06	-16.26	-24.65

Clean Power Hydrogen ROCE % Calculation

Clean Power Hydrogen'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 )
	=	-5.078	/	( ( (29.372 - 2.823)	+	(24.507 - 1.165) )	/ 2 )
	=	-5.078	/	( (26.549	+	23.342)	/ 2 )
	=	-5.078	/	24.9455
	=	-20.36 %

Clean Power Hydrogen'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-5.962	/	( ( (27.683 - 2.643)	+	(24.507 - 1.165) )	/ 2 )
	=	-5.962	/	( ( 25.04	+	23.342 )	/ 2 )
	=	-5.962	/	24.191
	=	-24.65 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Clean Power Hydrogen (LSE:CPH2) 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.

Clean Power Hydrogen ROCE % Related Terms

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Clean Power Hydrogen (LSE:CPH2) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Clean Power Hydrogen PLC (LSE:CPH2) » Definitions » ROCE %

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G9Z:Germany

Address

Spinners Road, Unit D, Parkside Business Park, Doncaster, GBR, DN2 4BL

Website

https://www.cph2.com

Clean Power Hydrogen PLC is a technology and manufacturing company that is focused on the commercial production of green hydrogen in a simple, safe, and sustainable manner using its IP-protected Membrane-Free ElectrolyserTM technology. The group's main country of operation is the UK, with an existing customer base and operations established in the UK, Republic of Ireland and New Zealand.

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