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Halcyon Agri (FRA:HAT) ROC % : -3.86% (As of Dec. 2024)


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What is Halcyon Agri ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Halcyon Agri's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was -3.86%.

As of today (2025-07-09), Halcyon Agri's WACC % is 5.52%. Halcyon Agri's ROC % is 4.76% (calculated using TTM income statement data). Halcyon Agri earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Halcyon Agri ROC % Historical Data

The historical data trend for Halcyon Agri's ROC % 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.

Halcyon Agri ROC % Chart

Halcyon Agri Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.29 1.01 -1.26 -2.51 4.77

Halcyon Agri Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.23 -4.92 -0.37 1.21 -3.86

Halcyon Agri ROC % Calculation

Halcyon Agri's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2024 is calculated as:

ROC % (A: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2023 ) + Invested Capital (A: Dec. 2024 ))/ count )
=49.055 * ( 1 - -109.99% )/( (2068.817 + 2249.822)/ 2 )
=103.0105945/2159.3195
=4.77 %

where

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1803.547 - 112.159 - ( 44.278 - max(0, 1122.365 - 744.936+44.278))
=2068.817

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1998.972 - 169.961 - ( 79.89 - max(0, 1345.602 - 924.791+79.89))
=2249.822

Halcyon Agri's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=75.852 * ( 1 - 209.29% )/( (2050.056 + 2249.822)/ 2 )
=-82.8986508/2149.939
=-3.86 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1938.883 - 294.683 - ( 58.034 - max(0, 1294.873 - 889.017+58.034))
=2050.056

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1998.972 - 169.961 - ( 79.89 - max(0, 1345.602 - 924.791+79.89))
=2249.822

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

* 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.


Halcyon Agri  (FRA:HAT) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Halcyon Agri's WACC % is 5.52%. Halcyon Agri's ROC % is 4.76% (calculated using TTM income statement data). Halcyon Agri earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Halcyon Agri ROC % Related Terms

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Halcyon Agri Business Description

Traded in Other Exchanges
N/A
Address
180 Clemenceau Avenue, No. 05-02 Haw Par Centre, Singapore, SGP, 239922
Halcyon Agri Corp Ltd is a Singapore-based investment holding company. Along with its subsidiaries, the company operates in the rubber supply chain industry, specializing in the processing and merchandising/marketing of processed rubber. Its business segments are CMC Plantation, which includes plantation and processing business in Cameroon and Malaysia; CMC Distribution, which mainly covers the distribution business for industrial and non-tyre applications; HRC group, which derives maximum revenue; and Corporate segment. The company operates multiple natural rubber processing facilities in Indonesia, China, Malaysia, Thailand, and Ivory Coast, and the distribution business in Singapore and China. Geographically, the group derives maximum revenue from China, followed by other markets.

Halcyon Agri Headlines

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