HitIQ (ASX:HIQ) ROCE % : -1,579.35% (As of Dec. 2023)

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What is HitIQ 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. HitIQ's annualized ROCE % for the quarter that ended in Dec. 2023 was -1,579.35%.

HitIQ ROCE % Historical Data

The historical data trend for HitIQ'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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HitIQ ROCE % Chart

HitIQ Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-63.22

-151.89

-793.61

HitIQ Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-106.50	-211.29	-120.33	-378.74	-1,579.35

HitIQ ROCE % Calculation

HitIQ'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 )
	=	-4.845	/	( ( (4.55 - 3.377)	+	(3.129 - 3.081) )	/ 2 )
	=	-4.845	/	( (1.173	+	0.048)	/ 2 )
	=	-4.845	/	0.6105
	=	-793.61 %

HitIQ'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 )
	=	-2.906	/	( ( (3.129 - 3.081)	+	(1.823 - 1.503) )	/ 2 )
	=	-2.906	/	( ( 0.048	+	0.32 )	/ 2 )
	=	-2.906	/	0.184
	=	-1,579.35 %

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

HitIQ (ASX:HIQ) 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.

HitIQ ROCE % Related Terms

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HitIQ (ASX:HIQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HitIQ Ltd (ASX:HIQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-17 Raglan Street, Suite 1, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.hitiq.com

HitIQ Ltd is engaged in providing software that delivers a platform for measuring and managing head impact exposures. The Portal allows users to quantify exposures across individual players, positions, drills and periods. These insights are used to identify, manage and manipulate contact drills to reduce head impact exposures. Its operating segment includes HITIQ Mouthguard Technology and CSX Concussion Assessment App. The company generates maximum revenue from the HITIQ Mouthguard Technology segment.

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