HS GovTech Solutions (XCNQ:HS) ROCE % : 0.00% (As of Jun. 2023)

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What is HS GovTech Solutions 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. HS GovTech Solutions's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

HS GovTech Solutions ROCE % Historical Data

The historical data trend for HS GovTech Solutions'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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HS GovTech Solutions ROCE % Chart

HS GovTech Solutions Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Dec21

Dec22

ROCE %

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-44.14

-26.57

-62.18

-131.82

-114.23

HS GovTech Solutions Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-56.64	-135.23	-124.24	-76.22	-

HS GovTech Solutions ROCE % Calculation

HS GovTech Solutions's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-7.133	/	( ( (8.666 - 2.542)	+	(11.193 - 4.828) )	/ 2 )
	=	-7.133	/	( (6.124	+	6.365)	/ 2 )
	=	-7.133	/	6.2445
	=	-114.23 %

HS GovTech Solutions'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: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	0	/	( ( (11.869 - 4.663)	+	(0 - 0) )	/ 1 )
	=	0	/	( ( 7.206	+	0 )	/ 1 )
	=	0	/	7.206
	=	0.00 %

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

HS GovTech Solutions (XCNQ:HS) 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.

HS GovTech Solutions ROCE % Related Terms

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HS GovTech Solutions (XCNQ:HS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HS GovTech Solutions Inc (XCNQ:HS) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

750 West Pender Street, Suite 303, Vancouver, BC, CAN, V6C 2T7

Website

https://www.hsgovtech.com

HS GovTech Solutions Inc is a provider of web-based and mobile solutions for health and safety regulatory agencies across North America. The solutions offered by the company include Environmental Health, Code Enforcement, Fire & Safety, Virtual Inspections, Payment Processing, Mobile Inspections, and Citizen Portal. The Company operates in one industry segment within two geographical areas: Canada and the United States of America.

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