Hexicon AB (OSTO:HEXI) ROCE % : -60.51% (As of Sep. 2024)

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What is Hexicon AB 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. Hexicon AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -60.51%.

Hexicon AB ROCE % Historical Data

The historical data trend for Hexicon AB'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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Hexicon AB ROCE % Chart

Hexicon AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-145.30

-74.22

-20.87

-51.59

-78.44

Hexicon AB Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														-58.42	-199.13	-32.08	-50.92	-60.51

Hexicon AB ROCE % Calculation

Hexicon AB'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 )
	=	-154.108	/	( ( (451.576 - 189.111)	+	(501.639 - 371.184) )	/ 2 )
	=	-154.108	/	( (262.465	+	130.455)	/ 2 )
	=	-154.108	/	196.46
	=	-78.44 %

Hexicon AB's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-74	/	( ( (655.2 - 503.9)	+	(603.8 - 510.5) )	/ 2 )
	=	-74	/	( ( 151.3	+	93.3 )	/ 2 )
	=	-74	/	122.3
	=	-60.51 %

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

Hexicon AB (OSTO:HEXI) 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.

Hexicon AB ROCE % Related Terms

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Hexicon AB Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

67T:Germany

Address

Ostra Jarnvagsgatan 27, Stockholm, SWE, 111 20

Website

https://www.hexicongroup.com

Hexicon AB is a project developer of floating offshore wind, opening new markets in deep water areas, and a technology provider with a patented floating wind design. The company has projects in the United Kingdom, Sweden, Italy, South Korea, and South Africa along with a prospect in Ireland. The company generates a majority of its revenue from Sweden followed by Asia and other parts of Europe.

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