Hiro Brands (ASX:HRO) ROCE % : 0.00% (As of Dec. 2021)

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What is Hiro Brands 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. Hiro Brands's annualized ROCE % for the quarter that ended in Dec. 2021 was 0.00%.

Hiro Brands ROCE % Historical Data

The historical data trend for Hiro Brands'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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Hiro Brands ROCE % Chart

Hiro Brands Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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-65.39

-122.60

-156.60

Hiro Brands Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
ROCE %	Get a 7-Day Free Trial								-139.27	-	-	-	-

Hiro Brands ROCE % Calculation

Hiro Brands's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	5.465	/	( ( (0.541 - 8.734)	+	(2.888 - 5.181) )	/ 2 )
	=	5.465	/	( (-8.193	+	-2.293)	/ 2 )
	=	5.465	/	-5.243
	=	-104.23 %

Hiro Brands's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	14.082	/	( ( (0.541 - 8.734)	+	(0.031 - 0.719) )	/ 2 )
	=	14.082	/	( ( -8.193	+	-0.688 )	/ 2 )
	=	14.082	/	-4.4405
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

Hiro Brands (ASX:HRO) 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.

Hiro Brands ROCE % Related Terms

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Hiro Brands (ASX:HRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hiro Brands Ltd (ASX:HRO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Dalmore Drive, Scoresby, Melbourne, VIC, AUS, 3179

Website

https://www.hirobrands.com

Hiro Brands Ltd provides a range of trusted and quality home care, personal care and cosmetic care products. The consumer products manufacturing includes ranges in skin and sun care, cosmetics, personal care, household cleaning. The company also markets a wide range of colour cosmetics and an impressive portfolio of exclusive distributor brands. Hiro brands include Organic Choice, Aware Sensitive, Orange Power, MUD, Ulta3, Billie Goat, Trix, Medi Manager and Actizyme.

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