Hydaway Ventures (TSXV:HIDE.P) ROCE % : -33.02% (As of Nov. 2023)

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What is Hydaway Ventures 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. Hydaway Ventures's annualized ROCE % for the quarter that ended in Nov. 2023 was -33.02%.

Hydaway Ventures ROCE % Historical Data

The historical data trend for Hydaway Ventures'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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Hydaway Ventures ROCE % Chart

Hydaway Ventures Annual Data

Trend

Feb22

Feb23

ROCE %

-31.88

-51.85

Hydaway Ventures Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial						-40.00	-15.61	-20.41	-60.85	-33.02

Hydaway Ventures ROCE % Calculation

Hydaway Ventures's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-0.07	/	( ( (0.079 - 0.01)	+	(0.211 - 0.01) )	/ 2 )
	=	-0.07	/	( (0.069	+	0.201)	/ 2 )
	=	-0.07	/	0.135
	=	-51.85 %

Hydaway Ventures'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: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.052	/	( ( (0.172 - 0.008)	+	(0.16 - 0.009) )	/ 2 )
	=	-0.052	/	( ( 0.164	+	0.151 )	/ 2 )
	=	-0.052	/	0.1575
	=	-33.02 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

Hydaway Ventures (TSXV:HIDE.P) 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.

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Hydaway Ventures (TSXV:HIDE.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hydaway Ventures Corp (TSXV:HIDE.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

208A - 980 West 1st Street, North Vancouver, BC, CAN, V7P 3N4

Website

Hydaway Ventures Corp has no operating business and intends to become a Capital Pool Company.

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