Harvest Technology (MAL:HRV) ROCE % : 7.68% (As of Dec. 2023)

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What is Harvest Technology 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. Harvest Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.68%.

Harvest Technology ROCE % Historical Data

The historical data trend for Harvest Technology'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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Harvest Technology ROCE % Chart

Harvest Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

24.08

34.23

28.90

14.72

5.91

Harvest Technology Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					28.90	15.69	13.62	4.25	7.68

Harvest Technology ROCE % Calculation

Harvest Technology'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 )
	=	0.856	/	( ( (21.242 - 7.081)	+	(20.645 - 5.824) )	/ 2 )
	=	0.856	/	( (14.161	+	14.821)	/ 2 )
	=	0.856	/	14.491
	=	5.91 %

Harvest Technology'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 )
	=	1.11	/	( ( (18.301 - 4.207)	+	(20.645 - 5.824) )	/ 2 )
	=	1.11	/	( ( 14.094	+	14.821 )	/ 2 )
	=	1.11	/	14.4575
	=	7.68 %

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

Harvest Technology (MAL:HRV) 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.

Harvest Technology ROCE % Related Terms

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Harvest Technology (MAL:HRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Technology PLC (MAL:HRV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Valletta Road, Nineteen Twenty Three, Marsa, MLT, MRS 3000

Website

https://www.harvest.tech

Harvest Technology PLC is an investment and holding company. It provides delivery of business solutions and technology (including integrated and automated solutions) and payment solutions and related services. The company's portfolio consists of entities delivering systems engineering, security solutions, e-commerce platforms, electronic payments solutions, networking and system maintenance, automation products, product development and IT outsourcing. The Group operates two business activities which are the sale of payment processing services and the provision of IT solutions and security systems.

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