Primary Hydrogen (TSXV:HDRO) ROCE % : -86.42% (As of Nov. 2024)

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What is Primary 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. Primary Hydrogen's annualized ROCE % for the quarter that ended in Nov. 2024 was -86.42%.

Primary Hydrogen ROCE % Historical Data

The historical data trend for Primary 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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Primary Hydrogen ROCE % Chart

Primary Hydrogen Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Nov24

ROCE %

-8.93

-54.90

-50.81

-27.10

-45.92

Primary Hydrogen Quarterly Data
	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial													-41.38	-31.56	-40.60	-290.67	-86.42

Primary Hydrogen ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	-0.802	/	( ( (0.324 - 0.021)	+	(3.368 - 0.178) )	/ 2 )
	=	-0.802	/	( (0.303	+	3.19)	/ 2 )
	=	-0.802	/	1.7465
	=	-45.92 %

Primary 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 )
	=	-1.668	/	( ( (0.732 - 0.062)	+	(3.368 - 0.178) )	/ 2 )
	=	-1.668	/	( ( 0.67	+	3.19 )	/ 2 )
	=	-1.668	/	1.93
	=	-86.42 %

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

Primary Hydrogen (TSXV:HDRO) 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.

Primary Hydrogen ROCE % Related Terms

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Primary Hydrogen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Primary Hydrogen Corp (TSXV:HDRO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

83W0:Germany

Address

905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6

Website

https://www.primaryh2.com

Primary Hydrogen Corp. is a natural hydrogen exploration company. The group has an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary's Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

Executives

Vicente Benjamin Asuncion

Director, Senior Officer

Primary Hydrogen Headlines

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