HNDI (Handeni Gold) ROCE %: -37.52% (As of Feb. 2017)


What is Handeni Gold ROCE %?

Handeni Gold HNDI ROCE % is -37.52% as of Feb. 2017.

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. Handeni Gold's annualized ROCE % for the quarter that ended in Feb. 2017 was -37.52%.

Handeni Gold  (OTCPK:HNDI) 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.

Handeni Gold ROCE % Related Terms

Handeni Gold ROCE % Historical Data

* Premium members only.

The historical data trend for Handeni Gold'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.

Handeni Gold ROCE % Chart

Handeni Gold Annual Data
Trend May07 May08 May09 May10 May11 May12 May13 May14 May15 May16
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -76.10 -119.40 -140.61 -96.97 -217.12

Handeni Gold Quarterly Data
May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17
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 -25.06 -464.85 -187.97 -24.76 -37.52

Handeni Gold ROCE % Calculation

Handeni Gold's annualized ROCE % for the fiscal year that ended in May. 2016 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2016 )  (A: May. 2015 )(A: May. 2016 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2016 )  (A: May. 2015 )(A: May. 2016 )
=-0.685/( ( (1.79 - 0.507) + (1.497 - 2.149) )/ 2 )
=-0.685/( (1.283+-0.652)/ 2 )
=-0.685/0.3155
=-217.12 %

Handeni Gold's ROCE % of for the quarter that ended in Feb. 2017 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2017 )  (Q: Nov. 2016 )(Q: Feb. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2017 )  (Q: Nov. 2016 )(Q: Feb. 2017 )
=-0.36/( ( (1.492 - 0.522) + (1.473 - 0.524) )/ 2 )
=-0.36/( ( 0.97 + 0.949 )/ 2 )
=-0.36/0.9595
=-37.52 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2017) 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 -37.52% mean?
Handeni Gold (HNDI) has a ROCE % of -37.52% as of Feb. 2017.
Is Handeni Gold's ROCE % too high?
Handeni Gold's current ROCE % is -37.52%.
How does Handeni Gold's ROCE % compare to competitors?
Handeni Gold's ROCE % of -37.52% can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good ROCE % depends on the Diversified Financial Services 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. Handeni Gold's current ROCE % is -37.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Handeni Gold stock overvalued right now?
Handeni Gold (HNDI) has a current ROCE % of -37.52%. The current ROCE % is -37.52%. 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 Handeni Gold (HNDI), the current ROCE % is -37.52% as of Feb. 2017. 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.

Handeni Gold Business Description