Halo Technologies Holdings (ASX:HAL) ROCE % : -35.36% (As of Dec. 2023)

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What is Halo Technologies Holdings 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. Halo Technologies Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -35.36%.

Halo Technologies Holdings ROCE % Historical Data

The historical data trend for Halo Technologies Holdings'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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Halo Technologies Holdings ROCE % Chart

Halo Technologies Holdings Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-4.86

-29.93

Halo Technologies Holdings Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-4.63	-5.13	-26.76	-35.36

Halo Technologies Holdings ROCE % Calculation

Halo Technologies Holdings'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 )
	=	-7.857	/	( ( (227.115 - 195.827)	+	(466.095 - 444.88) )	/ 2 )
	=	-7.857	/	( (31.288	+	21.215)	/ 2 )
	=	-7.857	/	26.2515
	=	-29.93 %

Halo Technologies Holdings'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 )
	=	-8.178	/	( ( (254.934 - 229.892)	+	(466.095 - 444.88) )	/ 2 )
	=	-8.178	/	( ( 25.042	+	21.215 )	/ 2 )
	=	-8.178	/	23.1285
	=	-35.36 %

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

Halo Technologies Holdings (ASX:HAL) 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.

Halo Technologies Holdings ROCE % Related Terms

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Halo Technologies Holdings (ASX:HAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Halo Technologies Holdings Ltd (ASX:HAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Barrack Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.halo-technologies.com

Halo Technologies Holdings Ltd is a provider and developer of financial services and technology. Halo is an online global equities research and trade execution software solution that brings sophisticated institutional-grade analytical frameworks and market insights to everyday investors. Halo includes two distinct and integrated offerings in HALO global, designed for hands on investors who want professional grade tools without the cost, and HALO Trading which offers global trade execution capability and ready-made themed investment portfolios that are ideal for low-touch and values based investors and SMSFs.