Hagen Bikes Holding AS (OTSE:HAGEN) ROCE % : -320.57% (As of Jun. 2023)

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What is Hagen Bikes Holding AS 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. Hagen Bikes Holding AS's annualized ROCE % for the quarter that ended in Jun. 2023 was -320.57%.

Hagen Bikes Holding AS ROCE % Historical Data

The historical data trend for Hagen Bikes Holding AS'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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Hagen Bikes Holding AS ROCE % Chart

Hagen Bikes Holding AS Annual Data

Trend

Jan19

Jan20

ROCE %

-400.00

9.52

Hagen Bikes Holding AS Semi-Annual Data
	Jan19	Jan20	Jan21	Jun22	Jun23
ROCE %	-	-	-	-486.22	-320.57

Hagen Bikes Holding AS ROCE % Calculation

Hagen Bikes Holding AS's annualized ROCE % for the fiscal year that ended in Jan. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2020 )		(A: Jan. 2019 )		(A: Jan. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2020 )		(A: Jan. 2019 )		(A: Jan. 2020 )
	=	0.001	/	( ( (0.024 - 0.023)	+	(0.024 - 0.004) )	/ 2 )
	=	0.001	/	( (0.001	+	0.02)	/ 2 )
	=	0.001	/	0.0105
	=	9.52 %

Hagen Bikes Holding AS's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	-0.226	/	( ( (0.305 - 0.136)	+	(0.165 - 0.193) )	/ 2 )
	=	-0.226	/	( ( 0.169	+	-0.028 )	/ 2 )
	=	-0.226	/	0.0705
	=	-320.57 %

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

Hagen Bikes Holding AS (OTSE:HAGEN) 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.

Hagen Bikes Holding AS ROCE % Related Terms

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Hagen Bikes Holding AS (OTSE:HAGEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hagen Bikes Holding AS (OTSE:HAGEN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kopli tee 1/2-5, Peetri Township, Harju County, Rae Parish, EST

Website

https://www.hagenbikes.com

Hagen Bikes Holding AS is engaged in the production and development of cargo and box bicycles.

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