Helium One Global (LSE:HE1) ROCE % : -8.16% (As of Jun. 2024)

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What is Helium One Global 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. Helium One Global's annualized ROCE % for the quarter that ended in Jun. 2024 was -8.16%.

Helium One Global ROCE % Historical Data

The historical data trend for Helium One Global'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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Helium One Global ROCE % Chart

Helium One Global Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-32.51

-27.54

-61.99

-10.26

-7.72

Helium One Global Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial							-106.56	-16.02	-3.40	-6.17	-8.16

Helium One Global ROCE % Calculation

Helium One Global's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-2.271	/	( ( (23.809 - 2.263)	+	(38.558 - 1.246) )	/ 2 )
	=	-2.271	/	( (21.546	+	37.312)	/ 2 )
	=	-2.271	/	29.429
	=	-7.72 %

Helium One Global's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-2.868	/	( ( (36.57 - 3.551)	+	(38.558 - 1.246) )	/ 2 )
	=	-2.868	/	( ( 33.019	+	37.312 )	/ 2 )
	=	-2.868	/	35.1655
	=	-8.16 %

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

Helium One Global (LSE:HE1) 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.

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Helium One Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Helium One Global Ltd (LSE:HE1) » Definitions » ROCE %

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HLOGF:USA 9K3:Germany

Address

Wickhams Cay II, Vistra Corporate Services Centre, Tortola, Road Town, VGB, VG1110

Website

https://www.helium-one.com

Helium One Global Ltd is a Helium exploration company. It is predominantly involved in helium exploration and holds three distinct project areas within the Company's portfolio in Tanzania: the Rukwa, Eyasi, and Balangida Projects. The company has two key geographical segments, being the British Virgin Islands which derives the majority of the revenue and Tanzania.

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