Horisont Energi AS (OSL:HRGI) ROCE % : -79.82% (As of Jun. 2024)

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What is Horisont Energi 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. Horisont Energi AS's annualized ROCE % for the quarter that ended in Jun. 2024 was -79.82%.

Horisont Energi AS ROCE % Historical Data

The historical data trend for Horisont Energi 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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Horisont Energi AS ROCE % Chart

Horisont Energi AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-341.82

-98.03

-54.60

-65.61

Horisont Energi AS Quarterly Data
	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial										-82.69	-68.44	-37.34	-79.74	-79.82

Horisont Energi AS ROCE % Calculation

Horisont Energi 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 )
	=	-192.355	/	( ( (444.668 - 54.571)	+	(260.024 - 63.727) )	/ 2 )
	=	-192.355	/	( (390.097	+	196.297)	/ 2 )
	=	-192.355	/	293.197
	=	-65.61 %

Horisont Energi 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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-115.256	/	( ( (198.456 - 39.153)	+	(160.403 - 30.932) )	/ 2 )
	=	-115.256	/	( ( 159.303	+	129.471 )	/ 2 )
	=	-115.256	/	144.387
	=	-79.82 %

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

Horisont Energi AS (OSL:HRGI) 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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Horisont Energi AS Business Description

Industry

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Traded in Other Exchanges

9GJ:Germany

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.horisontenergi.no

Horisont Energi AS is an independent energy company. It is developing blue hydrogen, blue ammonia, and carbon storage solutions. It provides clean energy and carbon transport and storage services. It transforms gas, water, and renewable energy into clean ammonia and hydrogen and offers CO2 transportation and storage services using proprietary technology. Its Project includes Barents Blue, Gismarvik CO2 terminal, Polaris.

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