Hexagon Purus ASA (OSTO:HPURO) ROCE % : -7.41% (As of Sep. 2024)

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What is Hexagon Purus ASA 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. Hexagon Purus ASA's annualized ROCE % for the quarter that ended in Sep. 2024 was -7.41%.

Hexagon Purus ASA ROCE % Historical Data

The historical data trend for Hexagon Purus ASA'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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Hexagon Purus ASA ROCE % Chart

Hexagon Purus ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-24.57

-19.64

-20.32

-23.75

-23.33

Hexagon Purus ASA Quarterly Data
	Dec19	Mar20	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															-16.08	-29.66	-11.97	-13.84	-7.41

Hexagon Purus ASA ROCE % Calculation

Hexagon Purus ASA'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 )
	=	-585.676	/	( ( (2654.903 - 708.674)	+	(3773.007 - 699.031) )	/ 2 )
	=	-585.676	/	( (1946.229	+	3073.976)	/ 2 )
	=	-585.676	/	2510.1025
	=	-23.33 %

Hexagon Purus ASA'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 )
	=	-283.812	/	( ( (4619.022 - 750.578)	+	(4619.816 - 823.55) )	/ 2 )
	=	-283.812	/	( ( 3868.444	+	3796.266 )	/ 2 )
	=	-283.812	/	3832.355
	=	-7.41 %

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

Hexagon Purus ASA (OSTO:HPURo) 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.

Hexagon Purus ASA ROCE % Related Terms

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Hexagon Purus ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hexagon Purus ASA (OSTO:HPURo) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HPURF:USA HPUR:Norway 0AC1:UK 0QJ:Germany

Address

Korsegata 4B, Alesund, NOR, NO-6002

Website

https://www.hexagongroup.com

Hexagon Purus ASA is a provider of Hydrogen Type 4 high-pressure cylinders, complete vehicle systems, and battery packs for fuel cell electric and battery electric vehicles including hybrid mobility applications on light, medium, and heavy-duty vehicles, buses, marine, rail, and aerospace. The company has a geographic presence in Norway, Europe, North America, and Others.

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