Harbor Custom Development (FRA:5EI1) ROCE % : -96.50% (As of Dec. 2023)

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What is Harbor Custom Development 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. Harbor Custom Development's annualized ROCE % for the quarter that ended in Dec. 2023 was -96.50%.

Harbor Custom Development ROCE % Historical Data

The historical data trend for Harbor Custom Development'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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Harbor Custom Development ROCE % Chart

Harbor Custom Development Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.34

-10.88

11.71

-11.42

-36.39

Harbor Custom Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-23.50	-9.84	-10.10	-21.23	-96.50

Harbor Custom Development ROCE % Calculation

Harbor Custom Development'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 )
	=	-56.329	/	( ( (222.941 - 38.881)	+	(152.911 - 27.416) )	/ 2 )
	=	-56.329	/	( (184.06	+	125.495)	/ 2 )
	=	-56.329	/	154.7775
	=	-36.39 %

Harbor Custom Development'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-149.152	/	( ( (209.87 - 26.237)	+	(152.911 - 27.416) )	/ 2 )
	=	-149.152	/	( ( 183.633	+	125.495 )	/ 2 )
	=	-149.152	/	154.564
	=	-96.50 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Harbor Custom Development (FRA:5EI1) 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.

Harbor Custom Development ROCE % Related Terms

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Harbor Custom Development (FRA:5EI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Harbor Custom Development Inc (FRA:5EI1) » Definitions » ROCE %

Traded in Other Exchanges

HCDIQ:USA

Address

1201 Pacific Avenue, Suite 1200, Tacoma, WA, USA, 98402

Website

https://www.harborcustomhomes.com

Harbor Custom Development Inc is a real estate development company. The company's segment includes Homes; Developed lots; Entitled land; Multi-family; Fee Build and other. It generates maximum revenue froem the Homes segment.

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