Hemply Balance Holding AB (NGM:HMPLY) ROCE % : -486.39% (As of Mar. 2024)

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What is Hemply Balance Holding AB 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. Hemply Balance Holding AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -486.39%.

Hemply Balance Holding AB ROCE % Historical Data

The historical data trend for Hemply Balance Holding AB'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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Hemply Balance Holding AB ROCE % Chart

Hemply Balance Holding AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-65.44

-263.03

-231.04

-300.15

Hemply Balance Holding AB Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-112.12	-122.00	-309.55	-998.36	-486.39

Hemply Balance Holding AB ROCE % Calculation

Hemply Balance Holding AB's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-3.878	/	( ( (3.413 - 0.81)	+	(1.166 - 1.185) )	/ 2 )
	=	-3.878	/	( (2.603	+	-0.019)	/ 2 )
	=	-3.878	/	1.292
	=	-300.15 %

Hemply Balance Holding AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.376	/	( ( (1.166 - 1.185)	+	(1.647 - 0.651) )	/ 2 )
	=	-2.376	/	( ( -0.019	+	0.996 )	/ 2 )
	=	-2.376	/	0.4885
	=	-486.39 %

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

Hemply Balance Holding AB (NGM:HMPLY) 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.

Hemply Balance Holding AB ROCE % Related Terms

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Hemply Balance Holding AB (NGM:HMPLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hemply Balance Holding AB (NGM:HMPLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Evereds Sutherland, Advokatbyra Ab, Stockholm, SWE, 104 40

Website

https://www.hemplybalance.com

Hemply Balance Holding AB is a health food company within hemp products. It focuses on intimate care products, as well as sales of oil and capsules outside Sweden.

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