Hennessy Capital Investment V (Hennessy Capital Investment V) ROCE % : -3.84% (As of Sep. 2022)

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What is Hennessy Capital Investment V 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. Hennessy Capital Investment V's annualized ROCE % for the quarter that ended in Sep. 2022 was -3.84%.

Hennessy Capital Investment V ROCE % Historical Data

The historical data trend for Hennessy Capital Investment V'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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Hennessy Capital Investment V ROCE % Chart

Hennessy Capital Investment V Annual Data

Trend

Dec20

Dec21

ROCE %

-5.57

Hennessy Capital Investment V Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			-1.87	-0.72	-0.59	-0.64	-3.84

Hennessy Capital Investment V ROCE % Calculation

Hennessy Capital Investment V's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-9.423	/	( ( (0.251 - 0.229)	+	(345.952 - 7.528) )	/ 2 )
	=	-9.423	/	( (0.022	+	338.424)	/ 2 )
	=	-9.423	/	169.223
	=	-5.57 %

Hennessy Capital Investment V's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-12.924	/	( ( (345.933 - 8.121)	+	(346.895 - 11.035) )	/ 2 )
	=	-12.924	/	( ( 337.812	+	335.86 )	/ 2 )
	=	-12.924	/	336.836
	=	-3.84 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Hennessy Capital Investment V (NAS:HCICW) 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.

Hennessy Capital Investment V ROCE % Related Terms

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