Hynion AS (FRA:36R) ROCE % : -89.80% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Hynion AS 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. Hynion AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -89.80%.

Hynion AS ROCE % Historical Data

The historical data trend for Hynion AS'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.

* Premium members only.

Hynion AS ROCE % Chart

Hynion AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-260.18

-144.78

-53.09

-51.17

-73.65

Hynion AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-28.02	-64.34	-54.96	-68.65	-89.80

Hynion AS ROCE % Calculation

Hynion AS'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 )
	=	-2.799	/	( ( (6.695 - 1.359)	+	(3.11 - 0.845) )	/ 2 )
	=	-2.799	/	( (5.336	+	2.265)	/ 2 )
	=	-2.799	/	3.8005
	=	-73.65 %

Hynion AS'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 )
	=	-2.548	/	( ( (4.831 - 1.421)	+	(3.11 - 0.845) )	/ 2 )
	=	-2.548	/	( ( 3.41	+	2.265 )	/ 2 )
	=	-2.548	/	2.8375
	=	-89.80 %

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

Hynion AS (FRA:36R) 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.

Hynion AS ROCE % Related Terms

Thank you for viewing the detailed overview of Hynion AS's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hynion AS (FRA:36R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hynion AS (FRA:36R) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HYN:Norway

Address

Sandviksveien 17, P.O. box 526, Hovik, NOR, 1363

Website

https://www.hynion.com

Hynion AS is a hydrogen fuel company whose main business is to sell hydrogen fuel through hydrogen stations owned by the company. The company designs, builds, owns, and operates hydrogen fuel stations. The company has five hydrogen stations, two in Norway and three in Sweden.

Hynion AS (FRA:36R) Headlines

No Headlines