Hydract AS (OCSE:HYDRCT) ROCE % : -33.26% (As of Jun. 2024)

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What is Hydract AS 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. Hydract AS's annualized ROCE % for the quarter that ended in Jun. 2024 was -33.26%.

Hydract AS ROCE % Historical Data

The historical data trend for Hydract AS'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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Hydract AS ROCE % Chart

Hydract AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

56.39

-9.94

-17.15

-31.27

-29.12

Hydract AS Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial					-32.23	-30.55	-40.18	-23.23	-33.26

Hydract AS ROCE % Calculation

Hydract AS'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 )
	=	-10.875	/	( ( (40.592 - 3.953)	+	(46.412 - 8.366) )	/ 2 )
	=	-10.875	/	( (36.639	+	38.046)	/ 2 )
	=	-10.875	/	37.3425
	=	-29.12 %

Hydract AS'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 )
	=	-12.422	/	( ( (46.412 - 8.366)	+	(40.636 - 3.982) )	/ 2 )
	=	-12.422	/	( ( 38.046	+	36.654 )	/ 2 )
	=	-12.422	/	37.35
	=	-33.26 %

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

Hydract AS (OCSE:HYDRCT) 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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Hydract AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hydract AS (OCSE:HYDRCT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nybovej 34, Holstebro, DNK, DK-7500

Website

https://www.hydract.com

Hydract AS is engaged in producing and selling process valves and process solutions with the patented water-hydraulic process valve. It sells to the food industry and currently has customers in the brewing industry and the dairy industry. The customer segment also includes customers in the sanitary industry.

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