Lhyfe (XPAR:LHYFE) ROCE % : -19.48% (As of Jun. 2023)

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What is Lhyfe 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. Lhyfe's annualized ROCE % for the quarter that ended in Jun. 2023 was -19.48%.

Lhyfe ROCE % Historical Data

The historical data trend for Lhyfe'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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Lhyfe ROCE % Chart

Lhyfe Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-15.20

-17.62

-17.51

Lhyfe Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-41.57	-13.83	-13.57	-13.41	-19.48

Lhyfe ROCE % Calculation

Lhyfe's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-19.034	/	( ( (62.556 - 6.949)	+	(172.711 - 10.937) )	/ 2 )
	=	-19.034	/	( (55.607	+	161.774)	/ 2 )
	=	-19.034	/	108.6905
	=	-17.51 %

Lhyfe's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-30.878	/	( ( (172.711 - 10.937)	+	(182.434 - 27.143) )	/ 2 )
	=	-30.878	/	( ( 161.774	+	155.291 )	/ 2 )
	=	-30.878	/	158.5325
	=	-19.48 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Lhyfe (XPAR:LHYFE) 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.

Lhyfe ROCE % Related Terms

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Lhyfe (XPAR:LHYFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lhyfe SA (XPAR:LHYFE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LHYFF:USA F1B:Germany

Address

30 Rue Jean Jaures, Nantes, FRA, 44000

Website

https://www.lhyfe.com

Lhyfe SA is engaged in the production of green hydrogen for mobility and industry. The company designs, builds and exploits its green hydrogen production sites, which have the particularity of being directly connected to the various available renewable energy sources. The Group addresses two priority markets, which are among the emitters of greenhouse gases: the heavy mobility sector (trucks, buses, trains and in the long term, maritime and air transport) as well as (ii) the industry sector, among which chemistry (production of ammonia, methanol, etc.), steel production and glass production are priority targets.

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