PureWave Hydrogen (TSXV:PWH) ROCE % : -26.53% (As of Nov. 2024)

View and export this data going back to 2022. Start your Free Trial

What is PureWave 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. PureWave Hydrogen's annualized ROCE % for the quarter that ended in Nov. 2024 was -26.53%.

PureWave Hydrogen ROCE % Historical Data

The historical data trend for PureWave 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.

* Premium members only.

PureWave Hydrogen ROCE % Chart

PureWave Hydrogen Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

ROCE %

-21.75

-29.59

-18.20

PureWave Hydrogen Quarterly Data
	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial								-8.07	-22.47	-9.92	-48.15	-26.53

PureWave Hydrogen ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-0.207	/	( ( (0.613 - 0.028)	+	(1.733 - 0.043) )	/ 2 )
	=	-0.207	/	( (0.585	+	1.69)	/ 2 )
	=	-0.207	/	1.1375
	=	-18.20 %

PureWave Hydrogen's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.64	/	( ( (1.733 - 0.043)	+	(3.325 - 0.191) )	/ 2 )
	=	-0.64	/	( ( 1.69	+	3.134 )	/ 2 )
	=	-0.64	/	2.412
	=	-26.53 %

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

PureWave Hydrogen (TSXV:PWH) 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.

PureWave Hydrogen ROCE % Related Terms

Thank you for viewing the detailed overview of PureWave Hydrogen's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

PureWave Hydrogen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PureWave Hydrogen Corp (TSXV:PWH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GX80:Germany

Address

1122 Mainland Street, No. 228, Vancouver, BC, CAN, V6B 5L1

Website

https://www.purewavehydrogen.com

PureWave Hydrogen Corp is a Colorado-based company that discovered and developed white (natural) hydrogen resources across North America. White hydrogen is a clean form that does not require energy-intensive processes. It is a clean and renewable energy source produced from geologic processes, offering a sustainable alternative without emitting greenhouse gases or pollutants. It holds immense potential for powering vehicles, generating electricity, and producing chemicals.

PureWave Hydrogen Headlines

No Headlines