Highway Capital (LSE:HWC) ROCE % : 0.00% (As of Aug. 2022)

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What is Highway Capital 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. Highway Capital's annualized ROCE % for the quarter that ended in Aug. 2022 was 0.00%.

Highway Capital ROCE % Historical Data

The historical data trend for Highway Capital'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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Highway Capital ROCE % Chart

Highway Capital Annual Data

Trend

Feb13

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Feb22

ROCE %

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Highway Capital Semi-Annual Data
	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Highway Capital ROCE % Calculation

Highway Capital's annualized ROCE % for the fiscal year that ended in Feb. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	-0.543	/	( ( (0.058 - 0.718)	+	(0.032 - 1.701) )	/ 2 )
	=	-0.543	/	( (-0.66	+	-1.669)	/ 2 )
	=	-0.543	/	-1.1645
	=	46.63 %

Highway Capital's ROCE % of for the quarter that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2022 )		(Q: Feb. 2022 )		(Q: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2022 )		(Q: Feb. 2022 )		(Q: Aug. 2022 )
	=	-0.486	/	( ( (0.032 - 1.701)	+	(0.008 - 1.92) )	/ 2 )
	=	-0.486	/	( ( -1.669	+	-1.912 )	/ 2 )
	=	-0.486	/	-1.7905
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2022) EBIT data.

Highway Capital (LSE:HWC) 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.

Highway Capital ROCE % Related Terms

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Highway Capital (LSE:HWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Highway Capital PLC (LSE:HWC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Reynolds Road, Eden House, Beaconsfield, Buckinghamshire, GBR, HP9 2FL

Website

http://www.highwaycapital.co.uk

Highway Capital PLC is a United Kingdom-based company. The company focuses on investing in or acquiring undervalued companies with either strong asset backing or opportunities, which possess high barriers to entry.