Hexagon Composites ASA (LTS:0EOF) ROCE % : -74.33% (As of Dec. 2023)

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What is Hexagon Composites ASA 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. Hexagon Composites ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was -74.33%.

Hexagon Composites ASA ROCE % Historical Data

The historical data trend for Hexagon Composites ASA'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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Hexagon Composites ASA ROCE % Chart

Hexagon Composites ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.13

0.56

-4.64

2.18

-15.53

Hexagon Composites ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.73	-7.31	4.68	3.73	-74.33

Hexagon Composites ASA ROCE % Calculation

Hexagon Composites ASA'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 )
	=	-748.97	/	( ( (7903.742 - 2000.28)	+	(6428.096 - 2685.601) )	/ 2 )
	=	-748.97	/	( (5903.462	+	3742.495)	/ 2 )
	=	-748.97	/	4822.9785
	=	-15.53 %

Hexagon Composites ASA'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3639.156	/	( ( (7525.835 - 1476.875)	+	(6428.096 - 2685.601) )	/ 2 )
	=	-3639.156	/	( ( 6048.96	+	3742.495 )	/ 2 )
	=	-3639.156	/	4895.7275
	=	-74.33 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Hexagon Composites ASA (LTS:0EOF) 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.

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Hexagon Composites ASA (LTS:0EOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hexagon Composites ASA (LTS:0EOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HXGCF:USA HEXO:Sweden HEX:Norway 2HX:Germany

Address

Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002

Website

https://www.hexagongroup.com

Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, South-East Asia, the Middle East, and Norway geographic regions.

Hexagon Composites ASA (LTS:0EOF) Headlines

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