Helios Energy (ASX:HE8) ROCE % : -11.84% (As of Dec. 2023)

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What is Helios Energy 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 Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.84%.

Helios Energy ROCE % Historical Data

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

Helios Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-9.81

-27.36

-10.34

-9.54

-15.82

Helios Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-14.20	-6.36	-17.59	-14.15	-11.84

Helios Energy ROCE % Calculation

Helios Energy's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-8.579	/	( ( (59.77 - 1.88)	+	(51.981 - 1.432) )	/ 2 )
	=	-8.579	/	( (57.89	+	50.549)	/ 2 )
	=	-8.579	/	54.2195
	=	-15.82 %

Helios Energy'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 )
	=	-5.726	/	( ( (51.981 - 1.432)	+	(46.869 - 0.662) )	/ 2 )
	=	-5.726	/	( ( 50.549	+	46.207 )	/ 2 )
	=	-5.726	/	48.378
	=	-11.84 %

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

Helios Energy (ASX:HE8) 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 Energy ROCE % Related Terms

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Helios Energy (ASX:HE8) Business Description

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Address

295 Rokeby Road, Suite 6, Subiaco, WA, AUS, 6008

Website

https://www.heliosenergyltd.com

Helios Energy Ltd is an Australian firm engaged in the exploration and development of oil and gas properties. Its project includes Presidio Oil Project located in Texas, United States. The Group is organised into two operating segments, being oil and gas exploration in the USA and helium in China. The firm realizes revenue from Oil sales.

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