Harworth Group (CHIX:HWGL) ROCE % : 5.89% (As of Jun. 2024)

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What is Harworth Group 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. Harworth Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.89%.

Harworth Group ROCE % Historical Data

The historical data trend for Harworth Group'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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Harworth Group ROCE % Chart

Harworth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.10

6.31

20.72

5.05

7.77

Harworth Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															27.08	-17.65	1.86	13.52	5.89

Harworth Group ROCE % Calculation

Harworth Group'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 )
	=	54.033	/	( ( (779.482 - 92.661)	+	(824.438 - 120.632) )	/ 2 )
	=	54.033	/	( (686.821	+	703.806)	/ 2 )
	=	54.033	/	695.3135
	=	7.77 %

Harworth Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	42.484	/	( ( (824.438 - 120.632)	+	(866.542 - 126.775) )	/ 2 )
	=	42.484	/	( ( 703.806	+	739.767 )	/ 2 )
	=	42.484	/	721.7865
	=	5.89 %

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

Harworth Group (CHIX:HWGl) 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.

Harworth Group ROCE % Related Terms

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Harworth Group Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

HWGLF:USA HWG:UK UK6A:Germany

Address

Poplar Way, Advantage House, Catcliffe, Rotherham, South Yorks, GBR, S60 5TR

Website

https://www.harworthgroup.com

Harworth Group PLC operates as a brownfield regeneration company in the North of England and the Midlands. It is organized into two operating segments: The Income Generation segment focuses on generating rental returns from the business space portfolio, rental returns and royalties from energy generation, environmental technologies and the agricultural portfolio, and income-generating streams from recycled aggregates and secondary coal products. The Capital Growth segment focuses on delivering value by developing the underlying portfolio and includes planning and development activity, value engineering, proactive asset management, and strategic land acquisitions. It generates a vast majority of its revenues from the sale of development properties.

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