HZLIF (Hertz Energy) ROCE % : -23.70% (As of Oct. 2024)

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What is Hertz Energy 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. Hertz Energy's annualized ROCE % for the quarter that ended in Oct. 2024 was -23.70%.

Hertz Energy ROCE % Historical Data

The historical data trend for Hertz Energy'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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Hertz Energy ROCE % Chart

Hertz Energy Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

ROCE %

-736.59

-235.96

-66.76

Hertz Energy Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial								-298.50	-52.43	-95.68	-98.37	-23.70

Hertz Energy ROCE % Calculation

Hertz Energy's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	-1.947	/	( ( (0.915 - 0.145)	+	(6.101 - 1.038) )	/ 2 )
	=	-1.947	/	( (0.77	+	5.063)	/ 2 )
	=	-1.947	/	2.9165
	=	-66.76 %

Hertz Energy's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-1.168	/	( ( (6.101 - 1.038)	+	(5.699 - 0.906) )	/ 2 )
	=	-1.168	/	( ( 5.063	+	4.793 )	/ 2 )
	=	-1.168	/	4.928
	=	-23.70 %

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

Hertz Energy (OTCPK:HZLIF) 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.

Hertz Energy ROCE % Related Terms

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Hertz Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hertz Energy Inc (OTCPK:HZLIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

A34:Germany HZ:Canada

Address

1500-1055 West Georgia Street, Royal Centre, Vancouver, BC, CAN, V6E4N7

Website

https://www.hertz-energy.com

Hertz Energy Inc is engaged in the exploration and development of mineral resources, currently focusing on projects in Arizona, USA. The company's sole mineral property is the Lucky Mica Project located in the Maricopa County of Arizona, USA and and the Patriota Lithium Project, located along the Eastern Brazilian Pegmatite Province, in Brazil and Snake Lithium Project and both located in James Bay, Quebec.