hipages Group Holdings (ASX:HPG) ROCE % : 15.42% (As of Dec. 2023)

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What is hipages Group Holdings 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. hipages Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.42%.

hipages Group Holdings ROCE % Historical Data

The historical data trend for hipages Group Holdings'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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hipages Group Holdings ROCE % Chart

hipages Group Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-8.59

-2.23

-11.16

hipages Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-3.06	-1.19	-5.72	-16.72	15.42

hipages Group Holdings ROCE % Calculation

hipages Group Holdings'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 )
	=	-5.483	/	( ( (67.76 - 15.683)	+	(62.215 - 16.012) )	/ 2 )
	=	-5.483	/	( (52.077	+	46.203)	/ 2 )
	=	-5.483	/	49.14
	=	-11.16 %

hipages Group Holdings'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 )
	=	7.412	/	( ( (62.215 - 16.012)	+	(63.522 - 13.583) )	/ 2 )
	=	7.412	/	( ( 46.203	+	49.939 )	/ 2 )
	=	7.412	/	48.071
	=	15.42 %

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

hipages Group Holdings (ASX:HPG) 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.

hipages Group Holdings ROCE % Related Terms

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hipages Group Holdings (ASX:HPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » hipages Group Holdings Ltd (ASX:HPG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

255 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.hipagesgroup.com.au

hipages Group Holdings Ltd is an online platform and software as a service provider that aims to connect tradies and consumers in order to resolve difficulties that come with organizing and coordinating home improvement jobs. The platform provides an efficient, technology-driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment, and ratings and recommendations. The company has two segments, Australia (hipages online tradie platform), and New Zealand (Builderscrack online tradie platform). The company generates the majority of its revenue from Australia.

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