Beeio Honey (XTAE:BHNY) ROCE % : -57.72% (As of Dec. 2023)

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What is Beeio Honey 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. Beeio Honey's annualized ROCE % for the quarter that ended in Dec. 2023 was -57.72%.

Beeio Honey ROCE % Historical Data

The historical data trend for Beeio Honey'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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Beeio Honey ROCE % Chart

Beeio Honey Annual Data

Trend

Dec11

Dec12

Dec13

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-954.75

-121.51

-64.49

Beeio Honey Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-125.04	-122.97	-105.36	-73.50	-57.72

Beeio Honey ROCE % Calculation

Beeio Honey'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 )
	=	-7.302	/	( ( (16.378 - 1.771)	+	(9.106 - 1.068) )	/ 2 )
	=	-7.302	/	( (14.607	+	8.038)	/ 2 )
	=	-7.302	/	11.3225
	=	-64.49 %

Beeio Honey'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-5.362	/	( ( (11.632 - 1.092)	+	(9.106 - 1.068) )	/ 2 )
	=	-5.362	/	( ( 10.54	+	8.038 )	/ 2 )
	=	-5.362	/	9.289
	=	-57.72 %

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

Beeio Honey (XTAE:BHNY) 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.

Beeio Honey ROCE % Related Terms

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Beeio Honey (XTAE:BHNY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beeio Honey Ltd (XTAE:BHNY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oppenheimer 4, Rehovot, ISR, 7670104

Website

https://www.bee-io.com

Beeio Honey Ltd is developing an industrial process for the production of cultured honey. It produces honey without bees in a process that combines natural nectar flowers with unique biological processes that turn the nectar into honey.

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