Hut 8 (TSX:HUT) ROCE % : 93.61% (As of Dec. 2024)

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What is Hut 8 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. Hut 8's annualized ROCE % for the quarter that ended in Dec. 2024 was 93.61%.

Hut 8 ROCE % Historical Data

The historical data trend for Hut 8'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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Hut 8 ROCE % Chart

Hut 8 Annual Data

Trend

Jun21

Jun22

Jun23

Dec24

ROCE %

-21.99

-24.35

62.87

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial										45.63	142.17	-28.67	3.78	93.61

Hut 8 ROCE % Calculation

Hut 8's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Jun. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Jun. 2023 )		(A: Dec. 2024 )
	=	686.284	/	( ( (252.43 - 13.732)	+	(2163.92 - 219.34) )	/ 2 )
	=	686.284	/	( (238.698	+	1944.58)	/ 2 )
	=	686.284	/	1091.639
	=	62.87 %

Hut 8's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1537.016	/	( ( (1489.007 - 149.653)	+	(2163.92 - 219.34) )	/ 2 )
	=	1537.016	/	( ( 1339.354	+	1944.58 )	/ 2 )
	=	1537.016	/	1641.967
	=	93.61 %

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

Hut 8 (TSX:HUT) 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.

Hut 8 ROCE % Related Terms

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Hut 8 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (TSX:HUT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HUT:USA HUT1:Mexico V71:Germany

Address

1101 Brickell Avenue, Suite 1500, Miami, FL, USA, 33131

Website

https://www.hut8.com

Hut 8 Corp is engaged in the mining of digital assets with an operational focus on utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and receiving Bitcoin in return for successful services. The company has four reportable business segments: Digital Assets Mining, Managed Services, High Performance Computing -Colocation and Cloud, and Other. It derives maximum revenue from Digital Assets Mining segment.