HeiQ (STU:9JC) ROCE % : -26.34% (As of Dec. 2023)

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What is HeiQ 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. HeiQ's annualized ROCE % for the quarter that ended in Dec. 2023 was -26.34%.

HeiQ ROCE % Historical Data

The historical data trend for HeiQ'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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HeiQ ROCE % Chart

HeiQ Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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2.67

6.22

19.19

-1.86

-48.06

HeiQ Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							-13.39	-4.02	-81.10	-23.18	-26.34

HeiQ ROCE % Calculation

HeiQ's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-27.907	/	( ( (83.317 - 18.446)	+	(67.159 - 15.891) )	/ 2 )
	=	-27.907	/	( (64.871	+	51.268)	/ 2 )
	=	-27.907	/	58.0695
	=	-48.06 %

HeiQ's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-11.496	/	( ( (68.209 - 21.312)	+	(63.258 - 22.863) )	/ 2 )
	=	-11.496	/	( ( 46.897	+	40.395 )	/ 2 )
	=	-11.496	/	43.646
	=	-26.34 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

HeiQ (STU:9JC) 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.

HeiQ ROCE % Related Terms

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HeiQ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » HeiQ PLC (STU:9JC) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ruetistrasse 12, Schlieren, Zurich, CHE, 8952

Website

https://www.heiq.com

HeiQ PLC is a textile technology company. The company's activities are material innovation which focuses on scientific research, speciality materials manufacturing and consumer ingredient branding. The products include HeiQ Smart Temp, HeiQ Pure, HeiQ Fresh, antimicrobial service coatings, Prbiotics, Finished goods and others. Currently company has three operating segment : Advanced Materials, LifeSciences, Other activities. The business is spread across North America and South America, Asia, Europe, and Others. It generates maximum revenue from North and South America and maximum from Advanced Materials segment.

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