Hiremii (ASX:HMI) ROCE % : -91.05% (As of Dec. 2023)

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What is Hiremii 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. Hiremii's annualized ROCE % for the quarter that ended in Dec. 2023 was -91.05%.

Hiremii ROCE % Historical Data

The historical data trend for Hiremii'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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Hiremii ROCE % Chart

Hiremii Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-99.94

-82.85

-65.56

Hiremii Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-154.87	-45.97	-36.95	-103.20	-91.05

Hiremii ROCE % Calculation

Hiremii'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 )
	=	-1.476	/	( ( (6.578 - 3.512)	+	(5.912 - 4.475) )	/ 2 )
	=	-1.476	/	( (3.066	+	1.437)	/ 2 )
	=	-1.476	/	2.2515
	=	-65.56 %

Hiremii'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 )
	=	-1.14	/	( ( (5.912 - 4.475)	+	(5.267 - 4.2) )	/ 2 )
	=	-1.14	/	( ( 1.437	+	1.067 )	/ 2 )
	=	-1.14	/	1.252
	=	-91.05 %

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

Hiremii (ASX:HMI) 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.

Hiremii ROCE % Related Terms

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Hiremii (ASX:HMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hiremii Ltd (ASX:HMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 St George's Terrace, Level 1, Perth, WA, AUS, 6000

Website

https://www.hiremii.com

Hiremii Ltd is a technology-driven recruitment and full-service labour-hire company with two core business components, Hiremii, a fixed fee Recruitment platform, and Oncontractor, a recruitment and full-service labour-hire solution providing digitised employee onboarding services.

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