Hellenic Dynamics (LSE:HELD) ROCE % : -186.73% (As of Sep. 2023)

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What is Hellenic Dynamics 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. Hellenic Dynamics's annualized ROCE % for the quarter that ended in Sep. 2023 was -186.73%.

Hellenic Dynamics ROCE % Historical Data

The historical data trend for Hellenic Dynamics'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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Hellenic Dynamics ROCE % Chart

Hellenic Dynamics Annual Data

Trend

Dec19

Dec20

ROCE %

-31.40

-71.12

Hellenic Dynamics Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep23
ROCE %	Get a 7-Day Free Trial			-	-192.38	-34.77	-55.74	-186.73

Hellenic Dynamics ROCE % Calculation

Hellenic Dynamics's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-0.197	/	( ( (0.567 - 0.223)	+	(0.951 - 0.741) )	/ 2 )
	=	-0.197	/	( (0.344	+	0.21)	/ 2 )
	=	-0.197	/	0.277
	=	-71.12 %

Hellenic Dynamics's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2022 )		(Q: Sep. 2023 )
	=	-1.914	/	( ( (1.184 - 0.643)	+	(1.93 - 0.905) )	/ 2 )
	=	-1.914	/	( ( 0.541	+	1.025 )	/ 2 )
	=	-1.914	/	0.783
	=	-244.44 %

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

Hellenic Dynamics (LSE:HELD) 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.

Hellenic Dynamics ROCE % Related Terms

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Hellenic Dynamics (LSE:HELD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hellenic Dynamics PLC (LSE:HELD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Arlington Street, London, GBR, SW1A 1RN

Website

https://www.hellenicdynamics.com

Hellenic Dynamics PLC is engaged in the cultivation, and supply of tetrahydrocannabinol (THC) dominant strains of medical cannabis flowers, destined for the growing medical cannabis markets across Europe.

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