High Arctic Overseas Holdings (TSXV:HOH) ROCE % : 31.42% (As of Dec. 2023)

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What is High Arctic Overseas Holdings 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. High Arctic Overseas Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.42%.

High Arctic Overseas Holdings ROCE % Historical Data

The historical data trend for High Arctic Overseas Holdings'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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High Arctic Overseas Holdings ROCE % Chart

High Arctic Overseas Holdings Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-11.32

-11.29

7.86

High Arctic Overseas Holdings Quarterly Data
	Dec21	Dec22	Dec23
ROCE %	-45.27	-45.17	31.42

High Arctic Overseas Holdings ROCE % Calculation

High Arctic Overseas Holdings'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 )
	=	4.164	/	( ( (68.699 - 7.787)	+	(58.191 - 13.087) )	/ 2 )
	=	4.164	/	( (60.912	+	45.104)	/ 2 )
	=	4.164	/	53.008
	=	7.86 %

High Arctic Overseas Holdings'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	16.656	/	( ( (68.699 - 7.787)	+	(58.191 - 13.087) )	/ 2 )
	=	16.656	/	( ( 60.912	+	45.104 )	/ 2 )
	=	16.656	/	53.008
	=	31.42 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

High Arctic Overseas Holdings (TSXV:HOH) 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.

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High Arctic Overseas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Overseas Holdings Corp (TSXV:HOH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

330 - 5th Avenue SW, Suite 2350, Calgary, AB, CAN, T2P 0L4

Website

http://www.higharctic.com

High Arctic Overseas Holdings Corp provides drilling and specialized well completion services manpower solutions and supplies rental equipment including rig matting, camps, material handling, and drilling support equipment in Papua New Guinea. The segments of the company are Drilling services, Ancillary services, Production services.

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