Hexagon Energy Materials (ASX:HXG) ROCE % : -78.60% (As of Dec. 2023)

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What is Hexagon Energy Materials 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. Hexagon Energy Materials's annualized ROCE % for the quarter that ended in Dec. 2023 was -78.60%.

Hexagon Energy Materials ROCE % Historical Data

The historical data trend for Hexagon Energy Materials'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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Hexagon Energy Materials ROCE % Chart

Hexagon Energy Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-12.82

-30.84

-22.77

-145.39

-60.19

Hexagon Energy Materials Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-280.37	-68.76	-74.63	-53.85	-78.60

Hexagon Energy Materials ROCE % Calculation

Hexagon Energy Materials'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 )
	=	-2.006	/	( ( (5.409 - 1.598)	+	(4.462 - 1.607) )	/ 2 )
	=	-2.006	/	( (3.811	+	2.855)	/ 2 )
	=	-2.006	/	3.333
	=	-60.19 %

Hexagon Energy Materials'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 )
	=	-2.106	/	( ( (4.462 - 1.607)	+	(4.04 - 1.536) )	/ 2 )
	=	-2.106	/	( ( 2.855	+	2.504 )	/ 2 )
	=	-2.106	/	2.6795
	=	-78.60 %

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

Hexagon Energy Materials (ASX:HXG) 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.

Hexagon Energy Materials ROCE % Related Terms

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Hexagon Energy Materials (ASX:HXG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hexagon Energy Materials Ltd (ASX:HXG) » Definitions » ROCE %

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F93:Germany

Address

45 Ventnor Avenue, West Perth, WA, AUS, 6005

Website

https://www.hxgenergymaterials.com.au

Hexagon Energy Materials Ltd is a mineral exploration company focused on downstream graphite and rare earth processing. Projects of company include Graphite project which includes McIntosh Graphite Project in the Kimberley region of Western Australia and Ceylon Graphite Project in Alabama, USA. its other project include Halls Creek Project - Gold and Base Metals, WAH2 Hydrogen project , McIntosh Project - Nickel-Copper and PGM. Halls Creek Project - Gold and Base Metals is located in the historic gold and base metals mining province of the East Kimberley region of Western Australia.

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