NightHawk Biosciences (LTS:0A4E) ROCE % : -44.86% (As of Mar. 2024)

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What is NightHawk Biosciences 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. NightHawk Biosciences's annualized ROCE % for the quarter that ended in Mar. 2024 was -44.86%.

NightHawk Biosciences ROCE % Historical Data

The historical data trend for NightHawk Biosciences'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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NightHawk Biosciences ROCE % Chart

NightHawk Biosciences Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-76.95

-36.11

-26.33

-40.88

-65.29

NightHawk Biosciences Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-61.54	-82.61	-80.24	-55.21	-44.86

NightHawk Biosciences ROCE % Calculation

NightHawk Biosciences's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-41.557	/	( ( (104.397 - 18.037)	+	(51.038 - 10.1) )	/ 2 )
	=	-41.557	/	( (86.36	+	40.938)	/ 2 )
	=	-41.557	/	63.649
	=	-65.29 %

NightHawk Biosciences's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-17.632	/	( ( (51.038 - 10.1)	+	(50.502 - 12.825) )	/ 2 )
	=	-17.632	/	( ( 40.938	+	37.677 )	/ 2 )
	=	-17.632	/	39.3075
	=	-44.86 %

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

NightHawk Biosciences (LTS:0A4E) 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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NightHawk Biosciences (LTS:0A4E) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » NightHawk Biosciences Inc (LTS:0A4E) » Definitions » ROCE %

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NHWK:USA 1HB:Germany

Address

627 Davis Drive, Suite 300, Morrisville, NC, USA, 27560

Website

https://www.nighthawkbio.com

NightHawk Biosciences Inc is a commercial-stage company with a fully integrated ecosystem to accelerate the discovery and development of novel therapies that arm the immune system. By leveraging its proprietary platforms, the company is advancing its first-in-class product portfolio with a focus on cancer and inflammatory and infectious diseases. Its current pipeline has categories: Oncology, immunology and molecular biology.

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