GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gold Hydrogen Ltd (ASX:GHY) » Definitions » ROCE %

Gold Hydrogen (ASX:GHY) ROCE % : -13.77% (As of Jun. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Gold 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. Gold Hydrogen's annualized ROCE % for the quarter that ended in Jun. 2023 was -13.77%.

Gold Hydrogen ROCE % Historical Data

The historical data trend for Gold 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.

* Premium members only.

Gold Hydrogen ROCE % Chart

Gold Hydrogen Annual Data
Trend Jun22 Jun23
ROCE %
- -13.77

Gold Hydrogen Semi-Annual Data
Jun22 Jun23
ROCE % - -13.77

Gold Hydrogen ROCE % Calculation

Gold Hydrogen's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=-3.259/( ( (24.633 - 0.476) + (23.639 - 0.453) )/ 2 )
=-3.259/( (24.157+23.186)/ 2 )
=-3.259/23.6715
=-13.77 %

Gold Hydrogen'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: Jun. 2022 )(Q: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2023 )  (Q: Jun. 2022 )(Q: Jun. 2023 )
=-3.259/( ( (24.633 - 0.476) + (23.639 - 0.453) )/ 2 )
=-3.259/( ( 24.157 + 23.186 )/ 2 )
=-3.259/23.6715
=-13.77 %

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

* 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.

Gold Hydrogen  (ASX:GHY) 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.

Gold Hydrogen ROCE % Related Terms

Thank you for viewing the detailed overview of Gold Hydrogen's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gold Hydrogen (ASX:GHY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gold Hydrogen Ltd (ASX:GHY) » Definitions » ROCE %
Comparable Companies
ASX:LKO ASX:JGH ASX:PH2 ASX:CE1 ASX:BRK ASX:EXR ASX:GRV ASX:NGY ASX:ADX ASX:CUE COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
GHYLF:USA
Address
110 Eagle Street, Suite 3, Level 14, Brisbane, QLD, AUS, 4000
Website
https://www.goldhydrogen.com.au
Gold Hydrogen Ltd engages in the exploration of a natural hydrogen prospective resource in Australia. It holds 100% interest in the Ramsay Project, a Gold Hydrogen exploration project in South Australia.