Hartshead Resources NL (ASX:HHR) 3-Year ROIIC % : -19.10% (As of Jun. 2024)

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What is Hartshead Resources NL 3-Year ROIIC %?

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Hartshead Resources NL's 3-Year ROIIC % for the quarter that ended in Jun. 2024 was -19.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Hartshead Resources NL's 3-Year ROIIC % or its related term are showing as below:

ASX:HHR's 3-Year ROIIC % is ranked worse than
77.77% of 976 companies
in the Oil & Gas industry
Industry Median: 8.285 vs ASX:HHR: -19.10

Hartshead Resources NL 3-Year ROIIC % Historical Data

The historical data trend for Hartshead Resources NL's 3-Year ROIIC % 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.

Hartshead Resources NL 3-Year ROIIC % Chart

Hartshead Resources NL Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

3-Year ROIIC %

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-653.47

-410.38

-396.39

70.59

-19.10

Hartshead Resources NL Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
3-Year ROIIC %	Get a 7-Day Free Trial															-396.39	-	70.59	-	-19.10

Competitive Comparison of Hartshead Resources NL's 3-Year ROIIC %

For the Oil & Gas E&P subindustry, Hartshead Resources NL's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hartshead Resources NL's 3-Year ROIIC % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hartshead Resources NL's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Hartshead Resources NL's 3-Year ROIIC % falls into.

Hartshead Resources NL 3-Year ROIIC % Calculation

Hartshead Resources NL's 3-Year ROIIC % for the quarter that ended in Jun. 2024 is calculated as:

3-Year ROIIC %	=	3-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	3-Year Incremental Invested Capital^**
	=	( -8.2339054 (Jun. 2024) - -6.023 (Jun. 2021) )	/	( 12.23 (Jun. 2024) - 0.655 (Jun. 2021) )
	=	-2.2109054	/	11.575
	=	-19.10%^***

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Hartshead Resources NL (ASX:HHR) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.

Hartshead Resources NL 3-Year ROIIC % Related Terms

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Hartshead Resources NL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hartshead Resources NL (ASX:HHR) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

PGNYF:USA

Address

333C Charles Street, North Perth, Perth, WA, AUS, 6006

Website

https://www.hartshead-resources.com.au

Hartshead Resources NL is building a financially, technically and environmentally responsible European Energy business. It is the owner and operator of License P2607 on the United Kingdom Continental Shelf, in the Southern Gas Basin. The License contains multiple gas fields, some of which have been only partially developed. The company also has operations in Poland, Gabon, and Madagascar. The Group has three reportable segments. The first is an interest in developing and exploring gas fields in the UK North Sea in Seaward Production License P2607. The second is an interest in exploring for oil in acreage known as, the Nkembe block, located offshore Gabon. The third interest is at the Ambilobe block, located offshore Madagascar.