Hertz Energy (XCNQ:HZ) ROCE % : -50.68% (As of Oct. 2023)

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What is Hertz Energy 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. Hertz Energy's annualized ROCE % for the quarter that ended in Oct. 2023 was -50.68%.

Hertz Energy ROCE % Historical Data

The historical data trend for Hertz Energy'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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Hertz Energy ROCE % Chart

Hertz Energy Annual Data

Trend

Jul22

Jul23

ROCE %

-361.11

-235.48

Hertz Energy Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial			-514.42	-272.70	-175.96	-131.95	-50.68

Hertz Energy ROCE % Calculation

Hertz Energy's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.261	/	( ( (0.209 - 0.155)	+	(1.209 - 0.192) )	/ 2 )
	=	-1.261	/	( (0.054	+	1.017)	/ 2 )
	=	-1.261	/	0.5355
	=	-235.48 %

Hertz Energy's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-2.052	/	( ( (1.209 - 0.192)	+	(7.626 - 0.545) )	/ 2 )
	=	-2.052	/	( ( 1.017	+	7.081 )	/ 2 )
	=	-2.052	/	4.049
	=	-50.68 %

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

Hertz Energy (XCNQ:HZ) 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.

Hertz Energy ROCE % Related Terms

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Hertz Energy (XCNQ:HZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hertz Energy Inc (XCNQ:HZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HZLIF:USA QX1:Germany

Address

1500-1055 West Georgia Street, Vancouver, BC, CAN, V6E4N7

Website

Hertz Lithium Inc is engaged in the exploration and development of mineral resources, currently focusing on projects in Arizona, USA. The company's sole mineral property is the Lucky Mica Project located in the Maricopa County of Arizona, USA. The Company currently operates in a single reportable operating segment: the acquisition, exploration and development of mineral properties in the United States.

Executives

Coloured Ties Capital Inc.

10% Security Holder

Hertz Energy (XCNQ:HZ) Headlines

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