Hancock & Gore (ASX:HNG) ROCE % : -0.59% (As of Sep. 2024)

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What is Hancock & Gore 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. Hancock & Gore's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.59%.

Hancock & Gore ROCE % Historical Data

The historical data trend for Hancock & Gore'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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Hancock & Gore ROCE % Chart

Hancock & Gore Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-37.87

44.29

10.15

12.26

4.86

Hancock & Gore Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															9.81	6.88	17.88	11.17	-0.59

Hancock & Gore ROCE % Calculation

Hancock & Gore's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	4.342	/	( ( (70.216 - 0.887)	+	(118.766 - 9.521) )	/ 2 )
	=	4.342	/	( (69.329	+	109.245)	/ 2 )
	=	4.342	/	89.287
	=	4.86 %

Hancock & Gore's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-0.61	/	( ( (106.106 - 9.07)	+	(118.766 - 9.521) )	/ 2 )
	=	-0.61	/	( ( 97.036	+	109.245 )	/ 2 )
	=	-0.61	/	103.1405
	=	-0.59 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Hancock & Gore (ASX:HNG) 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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Hancock & Gore Business Description

Industry

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Address

68 Pitt Street, Suite 11.02, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.hancockandgore.com.au

Hancock & Gore Ltd is engaged in management of diversified investments with the objective to deliver consistent dividends and long term capital growth. The company invests in listed equities, unlisted equities including mature private businesses and earlier emerging companies, fixed income producing investments, fund management activities and direct and indirect investment in property assets.

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