Cavendish Hydrogen ASA (FRA:V07) ROCE % : -17.28% (As of Dec. 2024)

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What is Cavendish Hydrogen ASA 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. Cavendish Hydrogen ASA's annualized ROCE % for the quarter that ended in Dec. 2024 was -17.28%.

Cavendish Hydrogen ASA ROCE % Historical Data

The historical data trend for Cavendish Hydrogen ASA'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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Cavendish Hydrogen ASA ROCE % Chart

Cavendish Hydrogen ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

-39.26

-144.44

-65.38

-36.36

Cavendish Hydrogen ASA Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial					-33.65	-62.17	-46.92	-22.09	-17.28

Cavendish Hydrogen ASA ROCE % Calculation

Cavendish Hydrogen ASA's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-21.2	/	( ( (69.895 - 30.673)	+	(95.3 - 17.9) )	/ 2 )
	=	-21.2	/	( (39.222	+	77.4)	/ 2 )
	=	-21.2	/	58.311
	=	-36.36 %

Cavendish Hydrogen ASA's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-13.6	/	( ( (100.7 - 20.7)	+	(95.3 - 17.9) )	/ 2 )
	=	-13.6	/	( ( 80	+	77.4 )	/ 2 )
	=	-13.6	/	78.7
	=	-17.28 %

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

Cavendish Hydrogen ASA (FRA:V07) 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.

Cavendish Hydrogen ASA ROCE % Related Terms

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Cavendish Hydrogen ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cavendish Hydrogen ASA (FRA:V07) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CAVEN:Norway

Address

Vejlevej 5, Herning, DNK, 7400

Website

https://www.cavendishh2.com

Cavendish Hydrogen ASA is engaged in developing hydrogen fueling solutions for road-going vehicles. It aims to deliver hydrogen fueling solutions that are safer, faster, and more reliable than any alternative - all while reducing emissions and setting a new standard for fueling heavy-duty vehicles - with reliable fueling solutions.

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