Hargreaves Services (LSE:HSP) ROCE % : 3.70% (As of Nov. 2023)

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What is Hargreaves Services 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. Hargreaves Services's annualized ROCE % for the quarter that ended in Nov. 2023 was 3.70%.

Hargreaves Services ROCE % Historical Data

The historical data trend for Hargreaves Services'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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Hargreaves Services ROCE % Chart

Hargreaves Services Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-4.89

2.71

10.70

18.35

13.73

Hargreaves Services Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial															13.39	24.60	18.49	8.76	3.70

Hargreaves Services ROCE % Calculation

Hargreaves Services's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	29.534	/	( ( (265.462 - 67.601)	+	(305.828 - 73.559) )	/ 2 )
	=	29.534	/	( (197.861	+	232.269)	/ 2 )
	=	29.534	/	215.065
	=	13.73 %

Hargreaves Services's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	8.41	/	( ( (305.828 - 73.559)	+	(312.828 - 90.938) )	/ 2 )
	=	8.41	/	( ( 232.269	+	221.89 )	/ 2 )
	=	8.41	/	227.0795
	=	3.70 %

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

Hargreaves Services (LSE:HSP) 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.

Hargreaves Services ROCE % Related Terms

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Hargreaves Services (LSE:HSP) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hargreaves Services PLC (LSE:HSP) » Definitions » ROCE %

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HSP.GB:UK

Address

West Terrace, Esh Winning, Durham, GBR, DH7 9PT

Website

https://www.hsgplc.co.uk

Hargreaves Services PLC delivers projects and services in the infrastructure, energy, and property sectors, supporting key industries within the UK and South East Asia. The company's business segments are Services and Hargreaves Land. It generates maximum revenue from the Services segment. The Services segment provides materials handling, mechanical and electrical engineering, land restoration, logistics and bulk earthmoving into the energy, environmental, infrastructure and industrial sectors.

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