HYTN Innovations (FRA:85W0) ROCE % : -107.28% (As of Mar. 2024)

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What is HYTN Innovations 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. HYTN Innovations's annualized ROCE % for the quarter that ended in Mar. 2024 was -107.28%.

HYTN Innovations ROCE % Historical Data

The historical data trend for HYTN Innovations'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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HYTN Innovations ROCE % Chart

HYTN Innovations Annual Data

Trend

Sep19

Sep20

Jan21

Jan22

Sep23

ROCE %

-63.69

-36.61

HYTN Innovations Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-131.41	-112.57	-118.52	-47.60	-107.28

HYTN Innovations ROCE % Calculation

HYTN Innovations's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Jan. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Jan. 2022 )		(A: Sep. 2023 )
	=	-1.515	/	( ( (0.066 - 1.545)	+	(1.789 - 0.597) )	/ 2 )
	=	-1.515	/	( (-1.479	+	1.192)	/ 2 )
	=	-1.515	/	-0.1435
	=	1,055.75 %

HYTN Innovations'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 )
	=	-1.172	/	( ( (1.611 - 0.618)	+	(1.896 - 0.704) )	/ 2 )
	=	-1.172	/	( ( 0.993	+	1.192 )	/ 2 )
	=	-1.172	/	1.0925
	=	-107.28 %

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

HYTN Innovations (FRA:85W0) 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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HYTN Innovations (FRA:85W0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » HYTN Innovations Inc (FRA:85W0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HYTN:Canada

Address

12 East 4th Avenue, Vancouver, BC, CAN, V5T 1E8

Website

https://www.hytn.life

HYTN Innovations Inc formulates, manufactures, markets, and sells premium cannabis goods. The Company generates revenue primarily from the sale of cannabis related products such as Cannabis - beverage sales, Cannabis - flower sales, Cannabis - edible sales. Majority revenue is generated from Cannabis - beverage sales.

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