PHCLF (Pure Hydrogen) ROCE % : -27.11% (As of Jun. 2024)

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What is Pure Hydrogen 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. Pure Hydrogen's annualized ROCE % for the quarter that ended in Jun. 2024 was -27.11%.

Pure Hydrogen ROCE % Historical Data

The historical data trend for Pure Hydrogen'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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Pure Hydrogen ROCE % Chart

Pure Hydrogen Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-73.81

-15.68

-8.37

-13.53

-19.10

Pure Hydrogen Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-8.63	-8.48	-17.06	-11.16	-27.11

Pure Hydrogen ROCE % Calculation

Pure Hydrogen's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-3.917	/	( ( (22.433 - 1.518)	+	(21.55 - 1.444) )	/ 2 )
	=	-3.917	/	( (20.915	+	20.106)	/ 2 )
	=	-3.917	/	20.5105
	=	-19.10 %

Pure Hydrogen'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 )
	=	-5.532	/	( ( (22.125 - 1.426)	+	(21.55 - 1.444) )	/ 2 )
	=	-5.532	/	( ( 20.699	+	20.106 )	/ 2 )
	=	-5.532	/	20.4025
	=	-27.11 %

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

Pure Hydrogen (OTCPK:PHCLF) 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.

Pure Hydrogen ROCE % Related Terms

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Pure Hydrogen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pure Hydrogen Corp Ltd (OTCPK:PHCLF) » Definitions » ROCE %

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PH2:Australia

Address

119 Willoughby Road, Crows Nest, Sydney, NSW, AUS, 2065

Website

https://www.purehydrogen.com.au

Pure Hydrogen Corp Ltd is engaged in the hydrogen business. The company is focused on developing hydrogen and gas projects. It operates in one segment, being energy development in Australia and Botswana.

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