HNATF (Primary Hydrogen) ROCE %: -18.55% (As of Feb. 2026)


HNATF Primary Hydrogen Corp HNATF
15 GF Score
Price $0.69
! 1 Warning Sign
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What is Primary Hydrogen ROCE %?

Primary Hydrogen HNATF +5.05% 15 ROCE % is -18.55% as of Feb. 2026. GuruFocus rates HNATF with a GF Score™ of 15/100. The stock has 1 warning sign investors should review.

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. Primary Hydrogen's annualized ROCE % for the quarter that ended in Feb. 2026 was -18.55%.

Primary Hydrogen  (OTCPK:HNATF) 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.

Primary Hydrogen ROCE % Related Terms

Primary Hydrogen ROCE % Historical Data

* Premium members only.

The historical data trend for Primary Hydrogen'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.

Primary Hydrogen ROCE % Chart

Primary Hydrogen Annual Data
Trend Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
ROCE %
Get a 7-Day Free Trial -55.59 -48.68 -26.69 -45.85 -133.32

Primary Hydrogen Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -97.25 -260.15 -182.51 -19.98 -18.55
HNATF
15GF Score
Primary Hydrogen Corp HNATF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Primary Hydrogen ROCE % Calculation

Primary Hydrogen's annualized ROCE % for the fiscal year that ended in Nov. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=-2.883/( ( (2.41 - 0.127) + (2.319 - 0.277) )/ 2 )
=-2.883/( (2.283+2.042)/ 2 )
=-2.883/2.1625
=-133.32 %

Primary Hydrogen's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=-0.384/( ( (2.319 - 0.277) + (2.383 - 0.285) )/ 2 )
=-0.384/( ( 2.042 + 2.098 )/ 2 )
=-0.384/2.07
=-18.55 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -18.55% mean?
Primary Hydrogen (HNATF) has a ROCE % of -18.55% as of Feb. 2026.
Is Primary Hydrogen's ROCE % too high?
Primary Hydrogen's current ROCE % is -18.55%. Overall, Primary Hydrogen has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Primary Hydrogen's ROCE % compare to competitors?
Primary Hydrogen's ROCE % of -18.55% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Primary Hydrogen's current ROCE % is -18.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primary Hydrogen stock overvalued right now?
Primary Hydrogen (HNATF) has a current ROCE % of -18.55%. The current ROCE % is -18.55%. Primary Hydrogen's overall GF Score™ is 15/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Primary Hydrogen (HNATF), the current ROCE % is -18.55% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Primary Hydrogen Business Description

Other Exchanges 83W:GermanyHDRO:Canada
Address 540-5th Avenue SW, Suite 1410, Calgary, AB, CAN, T2P 0M2
Primary Hydrogen Corp. is engaged in the acquisition, exploration, and development of natural hydrogen properties. The group has an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Point Rosie, Gaspe Ophiolite, Coquihalla, Cogburn, and Crooked Amphibolite. The Marys Harbour and Point Rosie properties are located in Southern Newfoundland and Labrador. The Coquihalla, Cogburn, and Crooked Amphibolite properties are located in Southern British Columbia. The Gaspe Ophiolite property is located in Southern Quebec.
15GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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