Hexima (ASX:HXL) ROCE % : -44.69% (As of Dec. 2024)

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What is Hexima 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. Hexima's annualized ROCE % for the quarter that ended in Dec. 2024 was -44.69%.

Hexima ROCE % Historical Data

The historical data trend for Hexima'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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Hexima ROCE % Chart

Hexima Annual Data

Trend

Jun08

Jun09

Jun10

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-96.23

-214.67

-51.33

-43.14

Hexima Semi-Annual Data
	Dec06	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial												-78.83	-24.89	-28.90	-57.13	-44.69

Hexima ROCE % Calculation

Hexima's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.036	/	( ( (2.957 - 0.174)	+	(2.269 - 0.249) )	/ 2 )
	=	-1.036	/	( (2.783	+	2.02)	/ 2 )
	=	-1.036	/	2.4015
	=	-43.14 %

Hexima's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-0.812	/	( ( (2.269 - 0.249)	+	(1.676 - 0.062) )	/ 2 )
	=	-0.812	/	( ( 2.02	+	1.614 )	/ 2 )
	=	-0.812	/	1.817
	=	-44.69 %

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

Hexima (ASX:HXL) 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.

Hexima ROCE % Related Terms

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Hexima Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hexima Ltd (ASX:HXL) » Definitions » ROCE %

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Address

C/- Acclime, 62 Lygon Street, Level 3, Carlton, VIC, AUS, 3053

Website

https://www.hexima.com.au

Hexima Ltd is a biotechnology company. The principal activity of the Group during the financial year was the exploration of transactions with third parties which could enable the potential value of the Company's assets, including its intellectual property, to be realized.