HNO International (HNO International) ROCE % : -690.30% (As of Jan. 2024)

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What is HNO International 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. HNO International's annualized ROCE % for the quarter that ended in Jan. 2024 was -690.30%.

HNO International ROCE % Historical Data

The historical data trend for HNO International'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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HNO International ROCE % Chart

HNO International Annual Data

Trend

Oct06

Oct07

Oct08

Oct09

Oct10

Oct22

Oct23

ROCE %

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HNO International Quarterly Data
	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-	-204.51	-272.83	-690.30

HNO International ROCE % Calculation

HNO International's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1.415	/	( ( (0.114 - 0.635)	+	(1.343 - 0.845) )	/ 2 )
	=	-1.415	/	( (-0.521	+	0.498)	/ 2 )
	=	-1.415	/	-0.0115
	=	12,304.35 %

HNO International's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-2.064	/	( ( (1.343 - 0.845)	+	(1.206 - 1.106) )	/ 2 )
	=	-2.064	/	( ( 0.498	+	0.1 )	/ 2 )
	=	-2.064	/	0.299
	=	-690.30 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

HNO International (OTCPK:HNOI) 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.

HNO International ROCE % Related Terms

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HNO International (HNO International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » HNO International Inc (OTCPK:HNOI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

41558 Eastman Drive, Suite B, Murrieta, CA, USA, 92562

Website

https://www.hnointernational.com

HNO International Inc is engaged in providing custom engineering and innovative green hydrogen technologies to help the world transition from fossil fuels to clean energy. The Company focuses on systems engineering design, integration, and product development for the generation of green hydrogen-based solutions to help businesses and communities decarbonize in the near term.

Executives

Hossein Haririnia	director, officer: Treasurer	41558 EASTMAN DRIVE, SUITE B, MURRIETA CA 92562
Paul H Mueller	officer: President, CEO and Secretary	41558 EASTMAN DRIVE, SUITE B, MURRIETA CA 92562
Donald W Owens	director, 10 percent owner	42309 WINCHESTER ROAD, SUITE E, TEMECULA CA 92590
William E Parker	director	3220 ALABAMA AVENUE SE, WASHINGTON DC 20020
Thomas Gelfand	director, 10 percent owner, officer: PRES, CEO, TRES, CFO, SECR	5050 KINGSWAY,, BURNABY, BC A1 V5H 4H2

HNO International (HNO International) Headlines

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