Halma (HLMAF) ROCE % : 14.62% (As of Sep. 2024)

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What is Halma 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. Halma's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.62%.

Halma ROCE % Historical Data

The historical data trend for Halma'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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Halma ROCE % Chart

Halma Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.52

17.08

17.62

13.93

14.90

Halma Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															13.58	13.57	13.41	16.33	14.62

Halma ROCE % Calculation

Halma's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	470.013	/	( ( (3383.981 - 414.078)	+	(3811.817 - 472.808) )	/ 2 )
	=	470.013	/	( (2969.903	+	3339.009)	/ 2 )
	=	470.013	/	3154.456
	=	14.90 %

Halma's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	500.53	/	( ( (3811.817 - 472.808)	+	(3966.402 - 456.217) )	/ 2 )
	=	500.53	/	( ( 3339.009	+	3510.185 )	/ 2 )
	=	500.53	/	3424.597
	=	14.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Halma (OTCPK:HLMAF) 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.

Halma ROCE % Related Terms

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Halma Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Halma PLC (OTCPK:HLMAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HALMY:USA HLMAl:UK HLMA:UK H11:Germany H11:Germany

Address

Rectory Way, Misbourne Court, Amersham, Buckinghamshire, GBR, HP7 0DE

Website

https://www.halma.com

Halma consists of 45 operating businesses managed in a decentralized manner. The company, through its products, focuses on trying to make the world safer, cleaner and healthier. The group operates across three segments: safety, environmental and analysis, and medical equipment. Halma's products include smoke detectors, healthcare equipment, door sensors, and water treatment. Most of the group's products are niche with limited competition. Over 75% of sales are generated in the United States, Europe and United Kingdom. Halma is listed on the London Stock Exchange.