Hydrix (FRA:STJ) ROCE % : -87.14% (As of Dec. 2023)

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What is Hydrix 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. Hydrix's annualized ROCE % for the quarter that ended in Dec. 2023 was -87.14%.

Hydrix ROCE % Historical Data

The historical data trend for Hydrix'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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Hydrix ROCE % Chart

Hydrix Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-126.19

-23.13

-74.43

-62.91

-2.70

Hydrix Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-48.29	-78.18	-51.68	40.20	-87.14

Hydrix ROCE % Calculation

Hydrix's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.142	/	( ( (10.597 - 5.794)	+	(9.03 - 3.32) )	/ 2 )
	=	-0.142	/	( (4.803	+	5.71)	/ 2 )
	=	-0.142	/	5.2565
	=	-2.70 %

Hydrix'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 )
	=	-4.394	/	( ( (9.03 - 3.32)	+	(7.182 - 2.807) )	/ 2 )
	=	-4.394	/	( ( 5.71	+	4.375 )	/ 2 )
	=	-4.394	/	5.0425
	=	-87.14 %

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

Hydrix (FRA:STJ) 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.

Hydrix ROCE % Related Terms

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Hydrix (FRA:STJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hydrix Ltd (FRA:STJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HYD:Australia

Address

30-32 Compark Circuit, Mulgrave, Melbourne, VIC, AUS, 3170

Website

https://www.hydrix.com

Hydrix Ltd engages in the provision of design and development services to customers in the medical, consumer, and industrial sector. It offers a range of sensing products such as Chemring - Portable EM Blocking Device, Universal Biosensors - Coagulation Analyser, Micro X a Mobile X-Ray machine, and others. It offers a range of services including software and electronics; mechanical design; industrial, user experience and human factors engineering; and regulatory, clinical, reimbursement, and quality systems. The firm operates in two segments namely Hydrix Services, and Hydrix Medical. Geographically, it operates within Australia, Singapore, New Zealand, Europe and USA.