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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. Harrow's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.62%.
The historical data trend for Harrow'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.
Harrow Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -1.79 | 1.60 | 2.75 | -5.95 | -1.19 |
Harrow Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | -5.16 | 2.91 | 4.95 | -6.88 | -12.62 |
Harrow'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 ) | |||||
= | -2.386 | / | ( ( (157.378 - 18.632) | + | (312.164 - 49.344) ) | / 2 ) | |
= | -2.386 | / | ( (138.746 | + | 262.82) | / 2 ) | |
= | -2.386 | / | 200.783 | ||||
= | -1.19 % |
Harrow's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -32.6 | / | ( ( (312.164 - 49.344) | + | (295.536 - 41.753) ) | / 2 ) | |
= | -32.6 | / | ( ( 262.82 | + | 253.783 ) | / 2 ) | |
= | -32.6 | / | 258.3015 | ||||
= | -12.62 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT 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.
Harrow (NAS:HROW) 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.
Thank you for viewing the detailed overview of Harrow's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark L Baum | director, 10 percent owner, officer: Chief Executive Officer | C/O IMPRIMIS PHARMACEUTICALS, INC, 12264 EL CAMINO REAL, SUITE 350, SAN DIEGO CA 92130 |
Opaleye Management Inc. | 10 percent owner | ONE BOSTON PLACE, SUITE 2600, BOSTON MA 02108 |
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Robert J Kammer | director, 10 percent owner, officer: Chairman of the Board | 1440 28TH STREET, SUITE 9, BOULDER CO 80303 |
Longboard Capital Advisors, Llc | other: Institutional Investor | 9665 WILSHIRE BLVD., SUITE 430, BEVERLY HILLS CA 90212 |
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John P. Saharek | officer: Chief Commercial Officer | 12264 EL CAMINO REAL, SUITE 350, SAN DIEGO CA 92130 |
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