Haycarb (COL:HAYC.N0000) ROCE % : 13.30% (As of Mar. 2024)

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What is Haycarb 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. Haycarb's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.30%.

Haycarb ROCE % Historical Data

The historical data trend for Haycarb'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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Haycarb ROCE % Chart

Haycarb Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.00

33.28

25.88

39.46

24.30

Haycarb Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.63	24.19	25.77	33.58	13.30

Haycarb ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	6709.536	/	( ( (40191.191 - 13265.019)	+	(40214.25 - 11916.711) )	/ 2 )
	=	6709.536	/	( (26926.172	+	28297.539)	/ 2 )
	=	6709.536	/	27611.8555
	=	24.30 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3798.416	/	( ( (39484.569 - 10676.969)	+	(40214.25 - 11916.711) )	/ 2 )
	=	3798.416	/	( ( 28807.6	+	28297.539 )	/ 2 )
	=	3798.416	/	28552.5695
	=	13.30 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Haycarb (COL:HAYC.N0000) 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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Haycarb (COL:HAYC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Haycarb PLC (COL:HAYC.N0000) » Definitions » ROCE %

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N/A

Address

No. 400 Deans Road, Hayley Building, Colombo, LKA, 10

Website

https://www.haycarb.com

Haycarb PLC is a manufacturer and marketer of coconut shell activated carbon. The company manufactures washed and impregnated granular activated carbon, powder activated carbon, and extruded pellet activated carbon for a full spectrum of applications in water treatment, air treatment, gold recovery, food and beverage industry, energy storage, and specialty applications. The operating segments of the company are Activated Carbon and Environmental Engineering. It offers total solutions suite to its customers from activated carbon testing and product development, regeneration of spent activated carbon to designing, and implementation of activated carbon-based environmental engineering systems. Its geographical segments are the USA, Europe, Australia, Sri Lanka, and Other Asian Countries.

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